Kiwis may avoid pain at the pump
British motorists are being warned their petrol prices could rise 5 pence a litre soon, but prices in New Zealand are expected to hold steady, unless the kiwi falls further.
New Zealand prices for a litre of 91 octane petrol had fallen to about 217.9c at most service stations around the country, following four consecutive declines in the past two months.
Diesel was selling for about 152.9c a litre. But in the United Kingdom motorists were warned this week of an imminent rise in petrol prices because of the rising cost of crude oil.
AA PetrolWatch spokesman Mark Stockdale, however, said retail petrol prices in New Zealand were likely to hold at current levels.
"That's always subject to change, and if refined commodity prices continue to rise over the next few days, or the kiwi dollar falls, then an increase at the pump will be more likely."
- © Fairfax NZ News