{"id":610455,"date":"2026-09-24T16:26:18","date_gmt":"2026-09-24T16:26:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/610455\/"},"modified":"2026-09-24T16:26:18","modified_gmt":"2026-09-24T16:26:18","slug":"petrol-prices-sail-past-5-a-litre-on-hauraki-gulf-island-as-costs-start-rising-again","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/610455\/","title":{"rendered":"Petrol prices sail past $5 a litre on Hauraki Gulf island as costs start rising again"},"content":{"rendered":"It found an 83c difference in the average price of regular 91 fuel at the three stations on Waiheke compared with all stations in Auckland over the second quarter of 2024.<\/p>\n
\u201cWe would expect prices on Waiheke to be higher because of the additional cost of transporting fuel via ferry,\u201d the commission said.<\/p>\n
\u201cHowever, it was unclear how much of the approximately 80 cents per litre difference in prices between Waiheke and other Auckland stations was explained by this additional cost.\u201d<\/p>\n
It found the additional cost to supply fuel to Waiheke, particularly freight, accounted for less than one-third of the price difference compared with the mainland.<\/p>\n
\u201cWhile high prices alone are not evidence of anticompetitive conduct, in a competitive market we would expect prices to reflect the cost to supply fuel at the pump. This is not the case on Waiheke,\u201d the commission said.<\/p>\n
\u201cConsequently, competition between the three retailers on Waiheke appears weaker than we would expect.\u201d<\/p>\n
The commission said Waiheke may be experiencing a more acute reduction in retail fuel demand than elsewhere in the country due to demographic trends and a shift towards electric vehicles.<\/p>\n
\u201cThis can place upward pressure on prices as fuel retailers seek to recover fixed costs with declining revenues.\u201d<\/p>\n
Gaspy data supplied to Barrier Times showed the average petrol price gap between the island and Auckland had nearly doubled in the past six months.<\/p>\n
The gap stood at $1.71 on September 13, up 91% compared with March 21.<\/p>\n
Aotea Great Barrier Local Board chair Izzy Fordham told the Barrier Times the price increases would \u201ccripple a lot of people\u201d.<\/p>\n
International oil prices have surged higher again on the back of the ongoing conflict between the US and Iran and a recent drone attack on a critical Saudi oil pipeline.<\/p>\n
In Auckland, the average price of unleaded 91 has risen more than 30c a litre in the past two weeks, according to fuel tracking app Gaspy.<\/p>\n
Today, unleaded 91 was sitting at about $3.37 a litre, up from $3.06 on September 11.<\/p>\n
Meanwhile, unleaded 95 is up 53c a litre to $3.55 over the past 28 days.<\/p>\n
Diesel has risen more than 57c to $3.11 in the past 28 days.<\/p>\n
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