The global credit crunch has dealt another blow to motorists this morning, who woke to news the price of petrol had soared past $2 for the first time.
Most major petrol companies raised their prices by 3c a litre, taking 95 octane to 201.9, diesel to 167.9 and 91 octane to 196.9, just three cents shy of the $2 mark.
The price of crude oil has doubled since last year.
Earlier this month it was reported residents on Stewart Island were paying $2.21c for regular, the result of continued increases in the international cost of petrol and diesel, and a fall in the value of the New Zealand dollar.
- © Fairfax NZ News