KEY POINTS:
The old saying that "what goes up must come down", doesn't necessarily seem to ring true as far as petrol prices are concerned.
A couple of weeks ago, when world crude oil prices nudged US$100 a barrel, our petrol companies were swift on the button to raise prices to consumers at the pump.
An average 5c a litre increase across the board was a blow to drivers, many facing longer than usual journeys over the holiday period.
The price of 91 unleaded in most areas went to just under $1.76 per litre and 95 unleaded to over $1.81 per litre.
Diesel is around $1.30 cents per litre.
In the last few days, the price of oil has slipped back to US$95, but the Shells, BPs, Caltexes and Mobils are strangely silent about reducing the price to the road user.
Gull has remained firm in its intention to keep prices lower than the big oil companies over the Christmas-New Year period.
The maximum price for 91 unleaded at Gull stations is $1.74.9 a litre, while some individual stations are pricing it as low as $1.71.
- NZHERALD STAFF
