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Friday, October 24, 2008

91 Petrol down to 172.9c!

Petrol prices keep on coming down! Now 172.9c in main centres

But watch the oil prices and USD/NZD exchange rate. 

If NZ Dollar buys less US Dollars (as is happening at the moment) the price of petrol can go up even if the price of oil per barrel is coming down (which generally should lower price of petrol). 

This can give you a heads up on whether price of petrol is going to go up or down.