Petrol Price Tracker

Quick View: The difference between the red & purple line is the margin the oil companies are making (see footnote #8).

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Footnotes:

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Obtained via observation.
Obtained using the following calculation:

Raw Petrol Price (NZ$/L): (Pump Price (NZ$/L) - GST Amount) - Duties, Taxes & Direct Levies (NZ$/L)
Raw Petrol Price = (Pump Price - (Pump Price * 0.125)) - 0.52549

(NZ cents per litre)

Crown Bank Account (a) 18.708

National Land Transport Management Fund (b) 23.816

Total excise (a+b) (c) 42.524

Accident Compensation Corporation Levy (d) 9.34

Petroleum Fuels Monitoring Levy (e) 0.025

Local Authorities Petroleum Tax (f) 0.66

Total of volume-based duties and taxes (c+d+e+f) 52.549

Source: Ministry Of Economic Development: Duties, Taxes and Direct Levies on Motor Fuels (ExGST) 1 July 2008

Obtained daily (at time specified) from: http://www.nzx.com
Obtained daily (at time specified) from: http://www.wtrg.com/daily/crudeoilprice.html
(NZ$/barrel is based on the specified exchange rate)
NB: This is not the exact price of crude oil available to NZ, but it is a close match.
Obtained using the following calculation:
Litres per Barrel (oil): 159 litres (L)
Price(NZ$)/L = price(US$) per barrel / litres per barrel / exchange rate (US$ / NZ$)
Obtained daily (at time specified) from: http://www.wtrg.com/daily/rbobgasolineprice.html
(NZ$/gallon is based on the specified exchange rate)
NB: This is not the exact price of refined petrol available to NZ, but it is a close match.
Obtained using the following calculation:
Litres per US Gallon: 3.785 litres (L)
Price(NZ$)/L = price(US$) per gallon / litres per gallon / exchange rate (US$ / NZ$)
Difference between Price (NZ$/L) after duties, taxes, GST & direct levies are removed, and Converted Petrol Price (NZ$/L). Amount comprised of (but not exclusive to): oil company costs, delivery costs, oil company margin, and petrol station margin.

DISCLAIMER

The information provided above is for educational & indicative purposes only. No guarantee of accuracy is provided, but best effort is attempted. The data is provided purely as a way of judging the association between crude oil price, refined petrol price & domestic petrol prices.

	(NZ cents per litre)
Crown Bank Account (a)	18.708
National Land Transport Management Fund (b)	23.816
Total excise (a+b) (c)	42.524
Accident Compensation Corporation Levy (d)	9.34
Petroleum Fuels Monitoring Levy (e)	0.025
Local Authorities Petroleum Tax (f)	0.66
Total of volume-based duties and taxes (c+d+e+f)	52.549

Petrol Price Tracker

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Footnotes:

DISCLAIMER