Petrol at some Rotorua service stations has dropped to just 142.9 per litre.
The Gull, Mobil and Caltex stations on Te Ngae Rd are all selling regular 91 grade at 142.9c per litre and diesel at 65.9c today.
BP Fairy Springs Rd has also dropped its prices to 142.9c per litre, with diesel at 86.9c.
It follows Gull New Zealand announcing savings of up to 20c per litre on fuel across the country, from 7am today until midday tomorrow.
Gull general manager Dave Bodger said the company was "feeling the Christmas cheer".