NZ Petrol prices fall by almost 30 cents after months of record highs

NZ 13/11/2018

Petrol prices in New Zealand have dropped significantly over the last month, falling as much as 30 cents in places.

It's a relief for motorists after record highs at pumps around the country.

Wellington and Christchurch stations are now selling 91 octane petrol for $2.20 a litre, down from $2.49 a litre one month earlier.

The national petrol price has fallen 28 cents from $2.49 to $2.21 in the last three weeks, Stuff reports.

Auckland's cheapest 91 octane can be found in Penrose for $2.23 a litre, while a Ponsonby station is offering it for $2.31 a litre.

ANZ economist Miles Workman told Stuff it's possible petrol prices will continue to drop.

More from Holly Carran at Newshub.