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3 Jan 2026 2:01
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      Home > News > Business

    The Government's expecting fuel prices to continue to plunge as COVID-19 puts a squeeze on oil prices

    The Government's expecting fuel prices to continue to plunge as COVID-19 puts a squeeze on oil prices


    Resources and Energy Minister Megan Woods says she's told Kiwi oil executives this is a timely test to see how competitive our our fuel market is.

    She says prices can go up quickly - so it's about ensuring the same happens in reverse.

    Woods says she'll be keeping a watchful eye to check that motorists are seeing the same downward movement of prices - as they see when the price of crude goes up.

    © 2026 Newstalk ZB, NZCity

     Other Business News
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     01 Jan: Major electricity companies are taking a big step today, towards protecting national energy security
     01 Jan: Hopes the new vocational education model kicking in from today will put industry in the driver's seat
     01 Jan: New agreements take effect today - for a strategic coal reserve stockpile at Huntly Power Station
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    Horowhenua District Council's providing financial assistance for locals impacted by last Sunday's severe weather More...


     Today's News

    		 Accident and Emergency:
    A person has serious injuries after a two vehicle crash in Northland's Cove Road in Waipu this evening 21:56

     Law and Order:
    Two men and two teenage boys have been apprehended after an aggravated robbery, and an over 100 kilometre chase in Thames 21:16

     International:
    Donald Trump gave a wide-ranging interview about his health. Here's what we learned 19:56

     Business:
    Horowhenua District Council's providing financial assistance for locals impacted by last Sunday's severe weather 18:56

     Environment:
    Crans-Montana ski resort fire witnesses recall how the tragic blaze unfolded 18:46

     Environment:
    Parts of the North Island should brace for thunderstorms tonight 18:36

     International:
    Walking with Moai: Unlocking the mysteries of Easter Island stone statues 18:07

     Soccer:
    The Wellington Phoenix are striving to keep calm as their tough season approaches make-or-break time 18:06

     Cricket:
    A washout in the men's Twenty20 Super Smash game between Auckland and Wellington at Eden Park outer oval 17:56

     Soccer:
    Embattled Wellington Phoenix coach Giancarlo Italiano is expecting his players to fire up this weekend 17:27

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