Petrol price up again - 95 passes $2 mark

Last updated 09:39 20/05/2008

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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.

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- The Press

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