{"id":200697,"date":"2025-12-25T03:30:10","date_gmt":"2025-12-25T03:30:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/200697\/"},"modified":"2025-12-25T03:30:10","modified_gmt":"2025-12-25T03:30:10","slug":"gull-and-npd-plan-fuel-merger-promise-to-cut-pump-prices-nationwide","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/200697\/","title":{"rendered":"Gull and NPD plan fuel merger, promise to cut pump prices nationwide"},"content":{"rendered":"<p class=\"vUWuwjCGukMuO\" style=\"display:none\">NPD owner and chief executive Barry Sheridan will become the group chief executive of the new company.<\/p>\n<p><img  alt=\"The new fuel group will be majority Kiwi-owned, split between the two current owners of NPD and Gull. Composite \/ Bevan Conley, Sylvie Whinray\" class=\"article-media__image responsively-lazy\" data-test-ui=\"article-media__image\"\/>The new fuel group will be majority Kiwi-owned, split between the two current owners of NPD and Gull. Composite \/ Bevan Conley, Sylvie Whinray<\/p>\n<p class=\"vUWuwjCGukMuO\" style=\"display:none\">Ownership will be split evenly between the South Island-based Sheridan family and Allegro Funds, an Australasian private equity firm that owns Gull.<\/p>\n<p class=\"vUWuwjCGukMuO\" style=\"display:none\">\u201cBoth companies are focused on making it easy for customers to pay less for fuel,\u201d Sheridan said.<\/p>\n<p class=\"vUWuwjCGukMuO\" style=\"display:none\">\u201cNPD started doing so more than 55 years ago and Gull started shaking up the market 25 years ago.<\/p>\n<p class=\"vUWuwjCGukMuO\" style=\"display:none\">\u201cTogether, we\u2019ll do even more so motorists pay less.\u201d<\/p>\n<p class=\"vUWuwjCGukMuO\" style=\"display:none\">Gull chief executive Dan Gilbert said the merger will allow the two businesses to capitalise on their market share.<\/p>\n<p class=\"vUWuwjCGukMuO\" style=\"display:none\">\u201cJoining forces means we\u2019ll be everywhere, accelerating what we can do for more customers in more places.\u201d<\/p>\n<p class=\"vUWuwjCGukMuO\" style=\"display:none\">While customers likely won\u2019t notice any changes in their day-to-day operations, the companies said Kiwis will benefit from improved distribution, shared infrastructure and reduced duplication.<\/p>\n<p class=\"vUWuwjCGukMuO\" style=\"display:none\">Gull\u2019s Mt Maunganui fuel terminal and NPD\u2019s fuel truck fleet will be combined to enable more directly sourced fuel to reach sites around New Zealand.<\/p>\n<p class=\"vUWuwjCGukMuO\" style=\"display:none\">The merger remains subject to regulatory approvals, with the <a href=\"https:\/\/www.nzherald.co.nz\/topic\/commerce-commission\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.nzherald.co.nz\/topic\/commerce-commission\/\">Commerce Commission<\/a> needing to clear the merger.<\/p>\n<p class=\"vUWuwjCGukMuO\" style=\"display:none\">An application is expected to be lodged with the commission in January.<\/p>\n<p class=\"vUWuwjCGukMuO\" style=\"display:none\"><a href=\"https:\/\/www.nzherald.co.nz\/nz\/the-daily-h-your-fast-smart-guide-to-the-days-biggest-headlines\/VQR5CULLQRECZP2ORSWPGDORBU\/?utm_source=nzherald&amp;utm_medium=article&amp;utm_id=nz_cta\" rel=\"nofollow noopener\" title=\"https:\/\/www.nzherald.co.nz\/nz\/the-daily-h-your-fast-smart-guide-to-the-days-biggest-headlines\/VQR5CULLQRECZP2ORSWPGDORBU\/?utm_source=nzherald&amp;utm_medium=article&amp;utm_id=nz_cta\" target=\"_blank\">Sign up to The Daily H<\/a>, a free newsletter curated by our editors and delivered straight to your inbox every weekday.<\/p>\n","protected":false},"excerpt":{"rendered":"NPD owner and chief executive Barry Sheridan will become the group chief executive of the new company. The&hellip;\n","protected":false},"author":2,"featured_media":200698,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[95,696,3588,4480,2678,123291,305,296,16748,2513,114714,28126,51720,23158,12261,111,43,139,85439,69,5270,2170,2171,12937,10010,15483,2994,32257,165,61,80],"class_list":["post-200697","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-zealand","tag-and","tag-announced","tag-cut","tag-drive","tag-fuel","tag-gull","tag-have","tag-into","tag-lowcost","tag-lower","tag-merge","tag-merger","tag-motorists","tag-nationwide","tag-networks","tag-new-zealand","tag-news","tag-newzealand","tag-npd","tag-nz","tag-one","tag-plan","tag-plans","tag-prices","tag-promise","tag-promising","tag-providers","tag-pump","tag-their","tag-to","tag-zealand"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/200697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=200697"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/200697\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/200698"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=200697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=200697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=200697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}