BP, Caltex and Z Energy have raised the price of petrol five cents a litre across the country - but Gull New Zealand says a price increase is unnecessary.
This afternoon the price of 91 octane petrol went up to $2.119 a litre at Shell stations in major centres.
Gull New Zealand reports its highest petrol price is holding steady at $2.059 with most locations at $2.049 and one at $1.959.
"We're pretty happy with some of the exchange deals we've just done in the last wee while," says Gull New Zealand general manager Dave Bodger.
"We don't see the need to move today. I don't think we'll be moving for the next two or three days, even if things stay where they are."