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6 Jul 2022 23:00
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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.

    © 2022 Newstalk ZB, NZCity

     Other Business News
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     06 Jul: Record high business costs pushing up prices, eroding operator and consumer confidence
     06 Jul: The Associate Finance Minister says we're not alone when it comes to economic challenges
     06 Jul: Optimism we can get on top of inflation without a big rise in unemployment
     06 Jul: A shock to an old classic
     05 Jul: The business community is feeling downbeat
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     Today's News

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    Law and Order:
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    Business:
    Japanese beer giant Kirin, linked to Australian brewers, cuts ties with Myanmar junta in what activists call an 'irresponsible exit' 21:09

    Entertainment:
    Oprah Winfrey threw a surprise BBQ party for her sick father on Monday (04.07.22) 21:08

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