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NPD, short for Nelson Petroleum Distributors, is a New Zealand family-owned budget fuel distributor. [1] [2] It distributes Mobil fuels and Castrol lubricants, and started business in the 1960s. [3] [4] It is based in Nelson. As of August 2021, NPD has 96 petrol stations, most being in the South Island.
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 ...
Mobil Oil New Zealand Limited has more than 150 locations across the country, some of which are franchisee-owned. It also operates six storage locations across the country and maintains a reputation as a dominant petroleum company in New Zealand. [35] [36] [37] Mobil New Zealand has 167 stations as of 2022, including 68 in Auckland.
Because of price undercutting by the overseas firms, the government introduced regulation of petrol prices from 1933. [1] [2] In the early sixties the company was fined a large sum in a Transfer pricing scandal. [citation needed] In 1972 British Petroleum NZ acquired a 60% interest in the company. [3]
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]
On 1 January 2012, the Nigerian government headed by president Goodluck Ebele Jonathan, tried to cease the subsidy on petrol and deregulate the oil prices by announcing the new price for petrol as US$0.88/litre from the old subsidised price of US$0.406/litre (LAGOS), which in areas distant from Lagos petrol was priced at US$1.25/litre.
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 (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.