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Waitomo Group warned of rising fuel prices when the 2022 Russian invasion of Ukraine began in late February 2022. [10] The Waitomo Group petrol station in Papanui, Christchurch sold out of fuel on 11 March 2022, after the company announced its intention to raise fuel prices. [11] Long queues were reported at other Waitomo stations around the ...
As of August 2021, NPD has 96 petrol stations, most being in the South Island. According to a study from the Commerce Commission, NPD "appeared to have the most impact on the oil majors' prices". [5] As of May 2020 it has 150 staff. [6] According to Gaspy, NPD and Waitomo had the lowest fuel prices in New Zealand in 2019. [2]
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
On 1 July 2023, the fuel tax cuts were removed. [5] People lined up at petrol stations before the tax cuts ended, and many people took multiple trips. [3] Some people urged motorists to refuel early to avoid queues or fuel shortages. [6] The end of the subsidy caused a large increase in the number of Gaspy users, a fuel price monitoring app. [7]
The oil and gas industry in New Zealand explores and develops oil and gas fields, and produces and distributes petroleum products and natural gas. In 2022, New Zealand's net self-sufficiency in oil (mmbls production divided by consumption) was 12%, i.e. the country imported much more crude and refined oil than it exported. [1]
The first Challenge petrol station was opened by Fletcher Challenge in April 1998. [2] [3] The lower prices of Challenge and Gull New Zealand contributed to a price war in the New Zealand fuel retailing industry. [4] The Challenge brand was purchased by Caltex New Zealand from Rubicon in 2001.
GAS Petrol Service Stations (stylised g.a.s.), owned by Gasoline Alley Services, is a New Zealand petrol station franchise, which sells petrol and diesel. It has 127 locations around New Zealand, including 33 in Auckland. [1] The franchise was established in 1999 and had 14 locations by 2000. [1] It had 35 outlets by 2003. [2]
In 2021, New Zealand's Total Energy Supply (TES) amounted to 829.3 petajoules (PJ), marking an 11% increase compared to 2011. The energy supply composition highlighted a diverse range of sources, with renewables being the largest contributor at approximately 42%, followed by oil at 34%, natural gas at 17%, and coal contributing about 7%.