![Cheaper fuel bill propels Qantas stock up](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Cheaper fuel bill propels Qantas stock up
Shares in Qantas surged to their highest level in more than six years after it said the global drop in oil prices would help cut its fuel bill by A$550 million ($593 million) this year.
Shares in Qantas surged to their highest level in more than six years after it said the global drop in oil prices would help cut its fuel bill by A$550 million ($593 million) this year.
A new report claims to have disproved a well established urban myth that petrol companies are quick to raise petrol prices, but slow to drop them when prices fall.
What people want from transport is to get from A to B as quickly, safely and cheaply as possible.
The price of oil is tumbling again, rattling an already-shaken oil industry and heralding lower prices for consumers.
Retailers are continuing to benefit from the boost to consumers' discretionary incomes from the fall in oil prices over the past year.
The results for the six months to December 2014 has been fairly lacklustre, with one notable exception, Brian Gaynor writes.
Virgin Australia is tipped to benefit more from fuel savings in the year's second half after reporting a sharp upturn in its latest trading update.
The golden run of cheaper petrol could be at an end with prices at the pump increasing for the first time in four months, AA says.
The Automobile Association has called for a ministerial inquiry into the cost of fuel as an informal survey found variations of up to $1.34 at different sites around the country.
The price of petrol keeps plunging but the savings are yet to ignite discounts for consumers elsewhere in the economy.
It has become standard for tough questions to be asked of oil companies when the price of petrol rises or falls dramatically.
Kiwis should have more disposable cash as petrol prices fall around the country, but consumer groups say the amount we fork out at the pumps should be lower still.
Petrol prices dropped for the 12th successive time this week and even better news appears to lie ahead for holiday motorists.
The sharp fall in oil prices is set to continue benefiting consumers but could delay exploration projects around New Zealand.
Air New Zealand chief executive Christopher Luxon expects low oil prices to stimulate demand for travel but for their beneficial effect on the airline's fuel bill to be muted by the fall in the New Zealand dollar.
Lower petrol prices contributed to a 0.1 per cent fall in the amount consumers charged to electronic cards last month.
Lower fuel prices are compounding the longest commodity slump in a generation.
Z Energy boss Mike Bennetts says the return of $2 a litre petrol could be on the cards if oil prices continue to plummet.
The immigration surge continued to gather pace last month, with the net inflow of 4270 people the second-largest monthly gain on record.
How's this for fuel economy? A Mercedes has travelled 1968 kilometres from North Africa to England without having to refuel - and still had another 160km in it.
The high New Zealand dollar is insulating this country from rising crude oil prices that have spurred fears for the global economic recovery.
Petrol prices are set to rise next week to their second highest level ever - thanks to a Government tax hike.
Motorists should brace themselves for petrol rising another three cents per litre, while drivers of light vehicles run on diesel will face about a 10 per cent rise.
Entrants in the annual EECA Awards being presented tomorrow can claim credit for energy savings equivalent to the annual power use of two Hamilton-sized cities.
A service station was forced to close when a driver was allegedly attacked by those he was transporting after an argument over who would pay.
Petrol prices are heading down towards the $2 mark with BP announcing a 3c price cut today as international oil prices tumble.
Kiwi motorists have adjusted to higher fuel prices and are getting back behind the wheel, statistics show.