Petrol prices cut by 10 cents

PETROL prices at the pumps of Shell and Esso stations dropped 10 cents at midnight, amid warnings that diesel prices could rise.

Formula Shell super unleaded and Formula Shell now cost $7.81 and $8.15 a litre respectively at the company's 59 stations.

Prices on Esso's supreme unleaded and supreme leaded dropped by the same amount.

The territory's other major suppliers - Caltex and Mobil - have yet to announce changes.

Caltex instigated the last round of petrol and diesel reductions in July, knocking five cents off the price in a move later matched by other suppliers.

Shell said more falls were expected.