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1 Jan 2026 16:17
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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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     Today's News

    		 Boxing:
    Boxer Anthony Joshua discharged from hospital after car crash in Nigeria 15:57

     Cricket:
    Left-arm spinner Matthew Kuhnemann is the surprise inclusion in the Australian squad for the T20 World Cup in Sri Lanka and India 15:27

     Soccer:
    Auckland FC goalkeeper Michael Woud is on guard for the Newcastle Jets attack ahead of this afternoon's New Year's Day A-League clash in Auckland 15:27

     Environment:
    MetService is forecasting strong weather to hit the South Island's north-western regions today 14:57

     International:
    Queen Camilla recalls being 'furious' after being indecently assaulted by man on train as a teenager 14:47

     Politics:
    (CCN - INCLUDES AUCKLAND IN THE TOP LINE) 14:47

     Law and Order:
    A Search and Rescue operation is underway in Dunedin's mountainside, following a missing person's cry for help 14:07

     Politics:
    The government's calling for transparency in the wake of a cyber security breach - that could put patients' medical data at risk 13:37

     Accident and Emergency:
    Five people have been injured after a three-vehicle crash east of Queenstown 13:27

     Soccer:
    A chance for Auckland FC to exact revenge in this afternoon's A-League contest against the Newcastle Jets at Mt Smart 13:17

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