Petrol rises on political unrest

HAMISH MCNICOL
Last updated 10:03 03/03/2014

Relevant offers

Industries

Charges laid against port company after Lyttelton death From shelf stacker to Progressive boss Holcim's $50m inflatable dome on Timaru waterfront Oil slump sparks up natural gas in PNG Kiwi Global Mode creator sells service to overseas ISP Orion Health CFO quits Apartments go up as house consents fall Vista Entertainment's outlook strong as forecast beaten Transpower's $75.2m payout for government SBS Bank signals higher surplus

Petrol prices have moved for the first time in six weeks, jumping 2 cents a litre as crude oil prices rise because of political unrest in Libya and Venezuela.

Z Energy led the rise in fuel prices late last week, the first price increase since late December.

A litre of 91-octane now costs 217.9c and diesel 151.9c.

AA PetrolWatch spokesman Mark Stockdale said the price rise was not unexpected, given crude oil prices were up about US$3 a barrel.

This was partly due to political unrest in Libya and Venezuela, he said.

Prices had fallen on January 15 but since then the imported cost of petrol had risen about 4c a litre.

The cost of diesel had also risen about 3c a litre.

Ad Feedback

- Fairfax Media

Comments

Special offers

Featured Promotions

Sponsored Content