Petrol prices rise

HAMISH MCNICOL
Last updated 16:12 15/05/2014

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Petrol prices rose today, largely reversing the cuts from last week, because of increases in international crude oil prices.

Z Energy today announced it was increasing petrol and diesel prices by 2 cents a litre.

A litre of 91-octane petrol from the chain was now 216.9 cents, and diesel 149.9c.

AA PetrolWatch spokesman Mark Stockdale said fuel company margins were still at a "comfortable level", meaning there was room to absorb cost rises in the short term.

Last week petrol prices fell by 3c a litre, and diesel 2c, which AA said was overdue.

It had been the first change since April 23.

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