{"id":558216,"date":"2026-03-23T02:58:09","date_gmt":"2026-03-23T02:58:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/558216\/"},"modified":"2026-03-23T02:58:09","modified_gmt":"2026-03-23T02:58:09","slug":"new-zealands-regular-unleaded-soars-past-3-a-litre","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/558216\/","title":{"rendered":"New Zealand’s regular unleaded soars past $3 a litre"},"content":{"rendered":"

A\ufeffustralians<\/a> feeling the pain at the bowser might spare a thought for their cousins across the ditch.In New Zealand<\/a>, \ufeffthe price of regular unleaded petrol has surged to an average of $NZ3.32 ($2.76) a litre.Some service stations are currently selling petrol<\/a> for as high as $NZ3.49 ($2.90) a litre, with economists forecasting prices could soon hit $NZ4 a litre.\"\"\/In New Zealand, petrol prices have soared well past $NZ3 a litre for regular unleaded. (Facebook)<\/p>\n

The country is also facing major shortages of diesel, with Finance Minister Nicola Willis warning thousands of jobs are at risk if supplies dry up.<\/p>\n

Petrol prices in New Zealand are typically higher \ufeffthan in Australia due to higher taxes, including a higher fuel excise, as well as levies for an emissions trading scheme and 15 per cent GST.<\/p>\n

It comes as oil prices jumped overnight<\/a> after Iran threatened to shut down the Strait of Hormuz indefinitely in response to Trump’s ultimatum demanding the restoration of oil traffic through the critical waterway.<\/p>\n

Brent crude, the global benchmark, climbed 1.69 per cent to about US$114.09 ($162) a barrel while US crude rose 2 per cent to US$100.29.<\/p>\n

If they persist, those prices will see the amount consumers pay at the bowser climb still higher, once they \ufeffflow through to retail supply.<\/p>\n

In yet more grim news, global investment bank Goldman Sachs said last week that elevated prices could persist through next year.<\/p>\n

NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.<\/p>\n","protected":false},"excerpt":{"rendered":"A\ufeffustralians feeling the pain at the bowser might spare a thought for their cousins across the ditch.In New…\n","protected":false},"author":2,"featured_media":558217,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-558216","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/558216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=558216"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/558216\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/558217"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=558216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=558216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=558216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}