Costco shows gasoline prices when service station opens in West Auckland

Costco has revealed gasoline prices for its service station in Westgate, which opens this morning.

The American giant will sell 91 at $ 2.50 per liter, 95 at $ 2.60 per liter and diesel at $ 2.10 per liter.

Prices are lower than neighboring Pak’nSave, whose service station sells 91 for $ 2.69, 95 for $ 2.85 and diesel for $ 2.29 for supermarket buyers. according to Gaspy.

Another nearby service station, Mobil in Don Buck Rd, had 91 this morning for $ 2.73 and $ 95 for $ 2.91, while at another local station, Challenge Massey, it was 91 for $ 2.66 and 95 for $ 3.06.

Snag: 27 Costco self-service pumps are only available to Costco members.

An annual membership costs $ 60 or $ 55 for a business.

So far, the only way to register is to join the queue up to 90 minutes at Costco’s interim administrator’s office in Westgate, but the retailer says the option is online.

The first wave of cars took place at 9.20 am.

The service station is located opposite the $ 100 million Costco store in Westgate, which, according to Australian-New Zealand chief Patrick Noon, will open in late August.

While the membership card can be used immediately, the watch will not start with a 12-month membership period until the store opens.

As in Australia, Costco works with Mobil to distribute petrol.

No one said how many people acquired Costco membership, but said it was thousands.

In its recent report on competition in supermarkets, the Trade Commission said: “Woolworths NZ [owner of Countdown] also told us that Costco is considered a “destination store” and that they have seen an analysis from Australia that shows that Costco stores have an area of ​​personal coverage of about 25 km ”.

This is for general shopping. A report for the New South Wales government on Tasman found that Costco had affected petrol prices within a 5km radius around its stores.

Costco is also planning stores in Wellington and Christchurch, subject to its operation in Auckland.

Costco’s annual report for 2021 states that its 636 service stations account for 9 percent of revenues of 163 billion US dollars worldwide (as of December 2021, Costco had 828 stores or “warehouses”, as she calls them). including 677 in North America, 29 in the UK and 13 in Australia).

According to Pricespy, in Sydney, where there are three Costcos prices, a retailer typically sells 10-20 cents a liter cheaper than other service stations (before loyalty programs).

The Houston Chronicle report for 2020 says that the giant retailer sometimes uses fuel as a “loss leader”, selling 20-30 cents cheaper per gallon (3.7 liters) than at traditional service stations to attract customers to the rest of his business. And in a March 11 article on the Ukraine crisis that highlighted “cheap gas” at Costco and other major retailers, the Wall Street Journal said: “Big retailers expect to attract consumers with cheaper gasoline and then force them to leave with a bunch of products too ”.