Oil Price Monitoring
The charts below show daily and weekly average prices of crude oil, petrol and diesel, and quarterly comparison of petrol price and taxes in OECD countries. Prices are weighted daily averages in nominal New Zealand cents per litre and take into account $US/$NZ exchange rate movements.
Data are as at the week ending 21 November 2008.
For the latest oil price info please go to Oil Price Monitoring
Data Used to Produce Weekly Graphs [51 kB CSV]
Data Used to Produce Weekly Graphs [339 kB XLS]
In order to provide weekly updates, the New Zealand petrol and diesel retail prices in these graphs are based on limited monitoring of service station forecourt prices by the MED. As such, they do not reflect all the variation due to regional pricing differences and discounts available to bulk diesel customers.
A more detailed analysis of the "importer margin" is carried out by the Ministry each quarter, using national average price data from Statistics New Zealand. This is published in the annual Energy Data File.
The data used was sourced from the following organisations: MED, US Energy Information Agency, Argus, Hale & Twomey, and the Reserve Bank of New Zealand.
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