New Zealand Average Fuel Price: Petrol: Regular data was reported at 2.547 NZD/l in Dec 2024. This records a decrease from the previous number of 2.583 NZD/l for Sep 2024. New Zealand Average Fuel Price: Petrol: Regular data is updated quarterly, averaging 0.973 NZD/l from Mar 1974 (Median) to Dec 2024, with 204 observations. The data reached an all-time high of 2.837 NZD/l in Jun 2022 and a record low of 0.123 NZD/l in Mar 1974. New Zealand Average Fuel Price: Petrol: Regular data remains active status in CEIC and is reported by Ministry of Business, Innovation and Employment. The data is categorized under Global Database’s New Zealand – Table NZ.P003: Average Fuel Price.

Gasoline Prices in New Zealand increased to 1.58 USD/Liter in May from 1.57 USD/Liter in April of 2025. This dataset provides - New Zealand Gasoline Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

New Zealand Average Fuel Price: Diesel: Retail data was reported at 1.837 NZD/l in Dec 2024. This records a decrease from the previous number of 1.912 NZD/l for Sep 2024. New Zealand Average Fuel Price: Diesel: Retail data is updated quarterly, averaging 0.690 NZD/l from Mar 1974 (Median) to Dec 2024, with 204 observations. The data reached an all-time high of 2.636 NZD/l in Sep 2022 and a record low of 0.062 NZD/l in Mar 1974. New Zealand Average Fuel Price: Diesel: Retail data remains active status in CEIC and is reported by Ministry of Business, Innovation and Employment. The data is categorized under Global Database’s New Zealand – Table NZ.P003: Average Fuel Price.

In the fourth quarter of 2024, the average retail price of diesel fuel was around 183.7 New Zealand cents per liter, while the commercial price was around 146 New Zealand cents per liter. Retail diesel fuel prices had decreased compared to the fourth quarter of 2023.

In 2024, the average price of premium petrol was around 2.85 New Zealand dollars per liter, while regular petrol was priced at around 2.66 New Zealand dollars per liter. This represented a price increase for both premium and regular petrol compared with the previous year. Do costs drive consumption? When looking at the average quarterly price of gasoline in New Zealand, a shift in both premium and regular petrol prices can be observed over the past five quarters. New Zealanders consume significantly more regular petrol compared to premium, and this likely comes down to cost. Nevertheless, during the height of the COVID-19 pandemic in 2020 and 2021, overall consumption of petrol declined across the country. Fuel taxes make up half the cost of petrol The New Zealand government collects around one NZD per liter in the form of a petrol tax. Most of this is a fuel excise made up of National and local taxes and levies. Additionally, motorists in New Zealand are charged GST on the fuel excise. The taxation on diesel fuel is slightly different. While the price per liter for diesel fuel was less expensive at the pump, diesel vehicle owners must pay Road User Charges.

New Zealand: Gasoline prices at the pump, in dollars per liter: The latest value from 2016 is 1.4 dollars, a decline from 1.71 dollars in 2014. In comparison, the world average is 0.98 dollars, based on data from 165 countries. Historically, the average for New Zealand from 1995 to 2016 is 1.04 dollars. The minimum value, 0.48 dollars, was reached in 2000 while the maximum of 1.77 dollars was recorded in 2012.

In the fourth quarter of 2024, the average price of premium petrol was around 274 New Zealand cents per liter, while regular petrol was priced at around 254.7 New Zealand cents per liter. Petrol prices had decreased after reaching a high in the middle of 2022 in the country.

New Zealand Average Fuel Price: Diesel: Commercial data was reported at 1.461 NZD/l in Dec 2024. This records a decrease from the previous number of 1.508 NZD/l for Sep 2024. New Zealand Average Fuel Price: Diesel: Commercial data is updated quarterly, averaging 0.572 NZD/l from Mar 1979 (Median) to Dec 2024, with 184 observations. The data reached an all-time high of 2.073 NZD/l in Sep 2022 and a record low of 0.000 NZD/l in Sep 1989. New Zealand Average Fuel Price: Diesel: Commercial data remains active status in CEIC and is reported by Ministry of Business, Innovation and Employment. The data is categorized under Global Database’s New Zealand – Table NZ.P003: Average Fuel Price.

Graph and download economic data for Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for New Zealand (CPGREN01NZA657N) from 1960 to 2022 about New Zealand, fuels, electricity, energy, gas, CPI, price index, indexes, and price.

Fuel retailers have faced challenging operating conditions in recent years, with volatility in the world price of crude oil significantly affecting fuel prices, industry revenue and profitability. Retail petrol prices have reflected rising oil prices, with petrol prices across New Zealand rising from 215.4 cents per litre in 2019-20 to an expected 246.6 cents per litre in 2024-25. This rise comes despite global oil prices falling sharply in the early stages of the COVID-19 pandemic, as demand from the global manufacturing and aviation sectors crashed. Fuel retailing revenue plummeted in 2020-21 as the Central Government (Te Kawanatanga o Aotearoa) introduced restrictions to limit the pandemic's spread. Demand conditions have since recovered, while the Russia-Ukraine war has caused oil prices to soar, driving a rebound in industry revenue over the two years through 2022-23. Overall, revenue has contracted at an annualised 1.5% to an anticipated $10.1 billion over the five years through 2024-25. This includes an expected decline of 1.8% in 2024-25, as world crude oil prices continue to correct downwards, causing declines in retail fuel prices. Retailers have largely passed on heightened crude oil prices, leading to steady margins. The industry's competitive landscape has changed significantly over the past decade. Industry participation has fallen, and merger and acquisition activity among the industry's larger players has increased as they've sought to consolidate their market positions. Foreign ownership is also on the rise. In October 2021, Ampol Limited announced plans to purchase Z Energy for $2.0 billion. The transaction was completed in May 2022 to make Ampol the industry's largest player. The world price of crude oil is set to remain elevated over the coming years, although retail prices should moderate as supply chain issues ease, limiting revenue growth. Fuel retailers will benefit from ongoing growth in tourism activity over the coming years. Even so, continued growth in electric vehicle uptake is set to increasingly constrain demand for fuel. Overall, industry revenue is forecast to climb at an annualised 0.9% through 2029-30, to $10.6 billion.

In 2024, the average price of diesel for retail use was around 1.99 New Zealand dollars per liter, while commercial diesel was priced at around 1.57 New Zealand dollars per liter. Retail prices and commercial prices decreased compared to the previous year.

Graph and download economic data for Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for New Zealand (NZLCP040000GPQ) from Q3 2006 to Q3 2023 about water, New Zealand, fuels, electricity, gas, CPI, price index, indexes, and price.

The New Zealand fuel filter market was finally on the rise to reach $28M in 2024, after two years of decline. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $30M. From 2022 to 2024, the growth of the market remained at a somewhat lower figure.

This report analyses the domestic price of natural gas. The index represents a weighted average price paid by residential, commercial, industrial, and wholesale gas users in New Zealand. The historical data for this report uses the average value of quarterly prices over each financial year, is sourced from the Ministry of Business, Innovation and Employment (Hikina Whakatutuki) and is measured in index points. The base year for the index is 2023.

In 2024, the New Zealand liquefied petroleum gas (LPG) market increased by 6.2% to $168M, rising for the fourth year in a row after two years of decline. Overall, the total consumption indicated moderate growth from 2012 to 2024: its value increased at an average annual rate of +2.6% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +47.4% against 2020 indices.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for New Zealand (CPGREN01NZQ659N) from Q1 1956 to Q1 2025 about New Zealand, fuels, electricity, energy, gas, CPI, price index, indexes, and price.

In 2024, the New Zealand market for crude oil and processed petroleum increased by 1.9% to $11.6B, rising for the fourth year in a row after two years of decline. Over the period under review, the total consumption indicated a notable expansion from 2012 to 2024: its value increased at an average annual rate of +2.1% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

New Zealand Diesel Genset Market is expected to grow due to increasing demand for uninterrupted power supply and the declining cost trend of diesel.

In 2024, the New Zealand fuel or lubricating pump market increased by 22% to $20M, rising for the fourth consecutive year after three years of decline. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for New Zealand (CPGREN01NZA659N) from 1956 to 2024 about New Zealand, fuels, electricity, energy, gas, CPI, price index, indexes, and price.