Gull Holds Petrol and Diesel Prices

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FOR IMMEDIATE RELEASE

Auckland, 19 November 2009 –Gull notes that there is no increase in prices at Gull outlets today.

“Increasing international prices have led some companies to increase pricing today,”notes Graham Stirk, Gull Retail Manager. “But Gull wants to be 100 per cent sure of moves in the market before we even think of increasing our prices.”

At the majority of Gull outlets where Gull controls retail price, prices are as follows:

Gull Regular Plus $1.629

Gull Regular 91 $1.649

Gull Force 10 (98 Octane) $1.769

Gull Low Sulphur Diesel $1.069

Prices apply at the majority of Gull sites where Gull controls the retail price.

About Gull

Gull Petroleum was founded in 1976 with a single service station by a group of business people in Western Australia who saw the potential for an independent supplier. Rationalisation by the major oil companies at the time offered Gull the opportunity of obtaining sites considered unviable by the multi-nationals. Adherence to a philosophy of low cost management, prudent investment decisions and a carefully planned marketing strategy enabled Gull to increase its number of outlets to thirty-five by 1984, when ownership of the company was consolidated with the Rae family. Without much fanfare, Gull has expanded its network to nearly 100 service stations. It has become a serious player, offering a real choice for motorists in an extremely competitive market. The company remains today a fully family owned operation

The Gull Group of Companies has grown from a small business to a modern, dynamic organisation of significance in the Australian and New Zealand petroleum industries. Furthermore, through Gull’s aggressive marketing approach, a planned increase in market share will herald the strengthening of the Gull name in Australia and New Zealand.

Gull in New Zealand

Gull started operations in New Zealand with the building of a state of the art terminal in Mount Maunganui in 1998. Tanks were relocated from Marsden Point by barge, a feat the opposition said was “impossible”. Gull made the first retail sales of petrol in 1999 and has grown the network to 35 branded sites. Gull was the first company to introduce low sulphur diesel to the New Zealand market bringing environmental benefits well ahead of the opposition. In August 2007 Gull again set new environmental benchmarks for the industry with the first retail sale of Gull Force 10, New Zealand’s first biofuel, 10% ethanol mixed with premium gasoline giving higher octane and cleaner performance. Gull is the only independent oil company operating in New Zealand and is credited with keeping the fuel market competitive and giving savings to the Kiwi motorist.

For more information please visit http://http://www.gull.biz

ENDS

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