Latest news with #Gull
1News
20-05-2025
- Business
- 1News
Cheapest petrol in NZ: Newcomer takes crown from Gull
For a long time, New Zealand's cheapest petrol was often found at Gull Ātiamuri. But now, fuel price monitoring site Gaspy says it is U-GO Waikaraka, Auckland, that has the cheapest gas - and Gull is not the outlier it once was. On Monday, U-GO was selling 91 petrol for $229.7, Gaspy said. While Gull was credited with shaking up competition in the fuel sector through the "Gull effect" when it opened stations around the country, Gaspy director Mike Newton said that impact had been more muted recently. "In the past four months, the gap between the national average price for 91 and the Gull National average price for 91 has closed slightly. In mid-January, Gull was 3.45 cents cheaper than the national average, whereas it is now 2.53 cents cheaper. "Gull Ātiamuri, partway between Taupō and Tokoroa, used to be the cheapest station in the country by quite a bit - whereas now it's not even close." Newton said there were a large number of Auckland stations that were only one cent more expensive than the U-Go, operated by Z Energy. Last week, motorists on a Facebook community page complained that on Whangārei's Gull discount day, the local New World petrol was still 11 cents cheaper. "Also cheaper are Allied Whangārei, Gull Wellsford, Waitomo Kaikohe and Gull Snells Beach," one person wrote. Commerce Commission data showed that at times since June 2022, the discounted price of fuel from BP, Mobil and Z - such as when people are using their rewards apps - was at or even below the Gull price. Terry Collins, AA principal policy adviser for transport policy and advocacy, said he could often find cheaper options than the Gull discounts he was sent. He said it could be that since it was sold in 2022, Gull's new owner had a different business model. "Since the sale of Gull, we have seen Kiwi-owned independents like Allied and NPD and Waitomo entering the market with low-cost self-service models that seem to be offering sharper prices. 'The Gull effect' is now the 'independents effect'." Gull spokesperson Michael Clifton said Gull was well-known for its discounts to motorists "as part of delivering fuel savings for all Kiwis". "For the last 20 years, Gull has provided regular discounts in increasing frequency with no transactional limits or loyalty cards required. The variety of prices available is evidence of 'the Gull effect' creating a competitive market. "
NZ Herald
19-05-2025
- Business
- NZ Herald
Fuel price shift: Gull knocked off its cheapest petrol perch
'In the past four months, the gap between the national average price for 91 and the Gull National average price for 91 has closed slightly. Mid-January, Gull was 3.45c cheaper than the national average, whereas it is now 2.53c cheaper. 'Gull Ātiamuri, partway between Taupō and Tokoroa, used to be the cheapest station in the country by quite a bit - whereas now it's not even close.' Where is NZ's cheapest petrol? Newton said a large number of Auckland stations were only 1c more expensive than the U-Go, operated by Z Energy. Last week, motorists on a Facebook community page complained that on Whangārei's Gull discount day, the local New World petrol was still 11c cheaper. 'Also cheaper are Allied Whangārei, Gull Wellsford, Waitomo Kaikohe and Gull Snells Beach,' one person wrote. Commerce Commission data showed that at times since June 2022, the discounted price of fuel from BP, Mobil and Z - such as when people are using their rewards apps - was at or even below the Gull price. Terry Collins, AA principal policy adviser for transport policy and advocacy, said he could often find cheaper options than the Gull discounts he was sent. He said it could be that since it was sold in 2022, Gull's new owner had a different business model. 'Since the sale of Gull, we have seen Kiwi-owned independents like Allied and NPD and Waitomo entering the market with low-cost self-service models that seem to be offering sharper prices. 'The Gull effect' is now the 'independents effect'.' Gull spokesman Michael Clifton said Gull was well known for its discounts to motorists 'as part of delivering fuel savings for all Kiwis'. 'For the last 20 years, Gull has provided regular discounts in increasing frequency with no transactional limits or loyalty cards required. The variety of prices available is evidence of 'the Gull effect' creating a competitive market.'
RNZ News
19-05-2025
- Business
- RNZ News
Cheapest petrol in NZ: Newcomer U-GO takes the crown from Gull
Gull was credited with shaking up competition in the fuel sector through the 'Gull effect' when it opened stations around the country Photo: RNZ / Dan Cook For a long time, New Zealand's cheapest petrol was often found at Gull Ātiamuri. But now, fuel price monitoring site Gaspy says it is U-GO Waikaraka, Auckland, that has the cheapest gas - and Gull is not the outlier it once was. On Monday, U-GO was selling 91 petrol for $229.7, Gaspy said. While Gull was credited with shaking up competition in the fuel sector through the 'Gull effect' when it opened stations around the country, Gaspy director Mike Newton said that impact had been more muted recently. "In the past four months the gap between the national average price for 91 and the Gull National average price for 91 has closed slightly. Mid-January Gull was 3.45c cheaper than the national average, whereas it is now 2.53c cheaper. "Gull Ātiamuri, partway between Taupō and Tokoroa, used to be the cheapest station in the country by quite a bit - whereas now it's not even close." Newton said there were a large number of Auckland stations that were only 1c more expensive than the U-Go, operated by Z Energy. Last week, motorists on a Facebook community page complained that on Whangārei's Gull discount day, the local New World petrol was still 11c cheaper. "Also cheaper are Allied Whangārei, Gull Wellsford, Waitomo Kaikohe and Gull Snells Beach," one person wrote. Commerce Commission data showed that at times since June 2022, the discounted price of fuel from BP, Mobil and Z - such as when people are using their rewards apps - was at or even below the Gull price. Terry Collins, AA principal policy adviser for transport policy and advocacy, said he could often find cheaper options than the Gull discounts he was sent. He said it could be that since it was sold in 2022, Gull's new owner had a different business model. "Since the sale of Gull, we have seen Kiwi-owned independents like Allied and NPD and Waitomo entering the market with low-cost self-service models that seem to be offering sharper prices. 'The Gull effect' is now the 'independents effect'." Gull spokesperson Michael Clifton said Gull was well-known for its discounts to motorists "as part of delivering fuel savings for all Kiwis". "For the last 20 years Gull has provided regular discounts in increasing frequence with no transactional limits or loyalty cards required. The variety of prices available is evidence of 'the Gull effect' creating a competitive market. "
Arabian Business
02-05-2025
- Business
- Arabian Business
Dubai's Clédor partners with NYC's Arthouse Hotel for AED400mn branded residences in Ras Al Khaimah
Clédor, a Dubai-based premier real estate development management company, announced a partnership with Arthouse Hotel, NYC, to bring Manhattan's creative legacy to the Middle East. The Dubai company signed a partnership agreement with Arthouse Hotel, NYC, to launch the latter's branded residences in Al Marjan Island in Ras Al Khaimah. The project, christened as Al Marjan Arthouse, is estimated to be valued at AED400 million, and will be Arthouse Hotel's first residences outside of the USA, Clédor said in a media release. 'The [agreement] signing marks the beginning of a powerful collaboration rooted in excellence, heritage, and innovation,' said Omar Gull, Founder and Chairman of Clédor. 'We are very excited to partner with Arthouse Hotel, NYC, to bring a legacy of refined and artistic living into the heart of the UAE's most dynamic communities – Al Marjan Island. 'With Arthouse, we're introducing a new style of luxury, one that brings a creative, cultural dimension to Ras Al Khaimah,' he said. Gull said Al Marjan Island is already a powerhouse for leisure and entertainment, drawing visitors and investors from all over the world, and through the partnership with Arthouse, Clédor hopes to add a new layer to the island's story. Karim El Aqabi, spokesperson of Arthouse, said they are excited to announce this new chapter for Arthouse. 'This is the first time Arthouse is stepping outside the United States of America, and together we hope to build a timeless legacy. 'We chose the UAE, and especially Al Marjan Island, because of the robust growth of real estate, vision of the leadership, and ambition and forward-thinking outlook of the region,' he said. El Aqabi said this is the beginning of more projects to come to this region from the Arthouse brand portfolio. The collaboration brings together Clédor's robust development expertise with the refined hospitality legacy of Arthouse NYC to introduce a new standard of living through branded residences on Al Marjan Island, Ras Al Khaimah and Meydan, Dubai. A post shared by Rajat Verma (RV) (@rajat_aarvees) The residences will reflect the same elevated design, service, and lifestyle experience that have defined Arthouse's presence on New York's Upper West Side for over 100 years, Clédor said. Abdulla Al Abdouli, CEO, Marjan, said the exquisite mix of fascinating nature and well-preserved history of Ras Al Khaimah has been attracting luxurious facilities and projects to the emirate, elevating the iconic island to one of the UAE's top destinations for tourism and growth, attracting the best of investments. 'It is with great pleasure that we welcome Arthouse Residences to Al Marjan Island. Their presence reflects our continued commitment to developing a world-class destination defined by architectural excellence, cultural enrichment, and exceptional quality of life,' he said. This strategic alliance further solidifies Clédor's role in driving the UAE property market, the company said.
Zawya
23-04-2025
- Business
- Zawya
Amwaj acquires 18% shareholding in Cledor at $100mln post-money valuation
Amwaj International has acquired an 18% stake in Dubai-based development firm Cledor, marking its entry into the rapidly growing real estate market in the UAE. The transaction has a post-money valuation hitting $100 million, according to a press release. This investment aligns with Amwaj's strategy to expand into one of the world's most vibrant real estate markets, with Cledor managing its real estate ventures in the UAE. The funds will enable Cledor to attract high talent and manage operational expenses until its projects generate liquidity. Omar Gull, Founder of Cledor, commented: 'In just under a year, we secured AED 2.30 billion in Gross Development Value (GDV) and more than 1.30 million square feet in projects. We have also demonstrated our ability to execute, having launched and sold out our first development in just four days, with a GDV of AED 435 million.' 'Our partnership with Amwaj will further fuel our growth, allowing us to capitalize on Dubai's booming real estate market,' Gull added. Namir El Akabi, Founder and Chairman of Amwaj Group, stated: 'The remarkable speed and scale at which Cledor has grown in under a year is testament to its vast potential. We are excited to support its journey and join hands in redefining the UAE's real estate sector.' In 2024, Dubai reached an all-time high in real estate transaction values, exceeding AED 760.70 billion over 226,000 transactions. The growth was backed by foreign direct investment, an increasing demand for luxury properties, and a pro-business regulatory framework. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
