NZ: Costco opens petrol station in Auckland with $2.50 a litre petrol, plans to take on supermarket duopoly
By Sourced Externally
April 27, 2022
Costco is threatening to shake up the fuel and supermarket sector as it opened its first fuel station in New Zealand on Wednesday.
The United States giant opened its massive 27-pump fuel station in Auckland, selling 91 octane petrol for $2.50 a litre, 95 for $2.60 a litre and diesel for $2.10 a litre. under cutting nearby competitors.
The opening of the petrol station, coincided with the first look inside the big box retailer’s $100 million store at Auckland’s Westgate, which is expected to open in late August.
The petrol station and store can only be used by Costco members, with an annual membership fee of $60 for individuals and $55 for businesses.
The price of fuel was cheaper than nearby Pak ‘n Save fuel on Fred Taylor Dr, which was $2.68 for 91 and $2.51 for diesel, according to fuel price comparison app Gaspy.
But it was not open 24/7 like other competitors. It operated from 6am to 9.30pm Monday to Friday, 6am to 7.30pm on Saturday and 7am to 7pm on Sunday.