Photo: RNZThe Automobile Association believes a proposed merger between two fuel companies should drive down pump prices. NPD and Gull want to combine sites, teams and supply chains to form what they say would be the largest independent, majority New Zealand-owned fuel company. In a joint statement, NPD and Gull said each of their combined 240 sites would retain their distinctive brand. When Gull first arrived with that model in New Zealand it became known as the Gull effect because it dropped the prices and competitors had to match it," he said. "We've been tracking the price of fuel for the last couple of months and we're watching as the international landed prices dropped, the retail prices haven't dropped at the same level," he said.

Source: Otago Daily Times December 29, 2025 01:05 UTC