Pump prices fall; duration hard to pick - Z Energy

Tue, 10 Mar 2020

Petrol prices are down across the country but Z Energy says it's too soon to say whether yesterday’s plunge in crude oil prices has further to run or how long it may last.Brent crude oil dropped more than 20 percent yesterday after Saudi Arabia kicked off a price war with Russia in a market already contracting as coronavirus slashes demand for jet fuel and slows the world economy.Z Energy, the country’s biggest fuel retailer, cut petrol prices by 7 cents a litre nationwide today, having cut prices by between one and six cents at most outlets ye...

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