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Petrol pump prices should be falling

11:00 AEST Fri May 4 2012
MSN NZ
The AA says fuel prices should be about four cents lower per litre at the pump, but consumers have yet to reap this benefit
The AA says fuel prices should be about four cents lower per litre at the pump, but consumers have yet to reap this benefit (Thinkstock)

The AA says fuel prices should be about four cents lower per litre at the pump, but consumers have yet to reap this benefit.

The imported cost of diesel and petrol fell to three –to four cents per litre since the last price rise in March, yet pump prices have remained unchanged during April, with diesel at $1.57 a litre and 91 octane petrol costing $2.20 in the main centres.

AA PetrolWatch spokesperson Mark Stockdale said while the oil international commodity price for refined petrol or diesel – the stuff we actually put in our tanks – has only fallen about four per cent, petrol users should have felt relief hit their wallet.

“Even so, with a stable exchange rate imported costs are down and motorists should have seen a drop in the pump price by now,” he said.