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27 Nov 2025 7:32
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  •   Home > News > Business

    Pain at the pump is only set to get worse - as the cost of importing fuel hits a record high

    Pain at the pump is only set to get worse - as the cost of importing fuel hits a record high


    Last week importers paid one-dollar-59 for 91 and a-dollar-62 for 95... that's a spike of 10 cents from the week prior, and up a whopping 90 cents on a year ago.

    AA Motoring's Terry Collins doesn't see prices easing anytime soon.

    He says Europeans travelling for summer holidays, and a return to air travel are putting further strain on an already limited fuel supply due to Russia's invasion of Ukraine.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     27 Nov: The Reserve Bank's Assistant Governor says banks could cut interest rates further, if they want to
     26 Nov: The days of New Zealand's rockstar economic growth aren't likely to return any time soon
     26 Nov: The Reserve Bank's slashed the Official Cash Rate, and is leaving its options open on what's next
     26 Nov: A man's appearing in court today charged with arson - over a large fire at a plastic recycling business south-west of Auckland, at Waiuku, on Monday night
     26 Nov: Tensions are rising over Christchurch's temporary stadium, with Canterbury Rugby League claiming it's owed hundreds of thousands dollars in revenue
     26 Nov: Property resale performance across the country is at its softest point since 2013
     26 Nov: RMA Reform Minister Chris Bishop says regional councils add layers of confusion, as he looks to scrap them
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     Today's News

    Business:
    The Reserve Bank's Assistant Governor says banks could cut interest rates further, if they want to 7:27

    Law and Order:
    Three people have been arrested after a major investigation into the illegal sale of cannabis in Canterbury 7:17

    Entertainment:
    Katy Perry has "a lot of fun" with Justin Trudeau 7:08

    International:
    US National Parks to raise fees for millions of international tourists to popular sites 7:07

    Entertainment:
    Khloe Kardashian claims Lamar Odom previously burned dozens of her journals 6:38

    Entertainment:
    Julianne Hough feels "ready to be a mom" 6:08

    Cricket:
    South Africa have beaten India by 408 runs on the fifth day of the second cricket test in Guwahati to complete a 2-nil series sweep 5:07

    Law and Order:
    A man's been charged over the death of a well-loved rural postie - killed delivering his final parcel before retirement 4:37

    Cricket:
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    Entertainment:
    Olivia Munn found comfort in Catherine, Princess of Wales' recent comments about her cancer journey 21:38


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