Talk Money: July 9, 2015
Petrol and diesel prices have fallen two cents at the pump. That is good timing for anyone who is heading off for a break during the school holidays.
Unleaded 91 is selling for $2.099 a litre at the majority of service stations. Diesel is $1.289.
Crude oil fell 7.7 percent in one trading session earlier this week in the US, and is down more than 1.5 percent this morning.
But petrol and diesel prices have not fallen anywhere near as much as crude oil this week.
That is because New Zealand imports refined fuel from Singapore. There are also transportation costs and taxes.
Oil prices are falling because of concern about a supply glut, the Greek debt crisis and the Chinese economy.
Watch the full Talk Money report.