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3 Feb 2026 0:33
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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

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