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28 Feb 2026 8:01
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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

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     Today's News

    		 Cricket:
    Some late innings bowling blips have cost New Zealand smooth passage to the T20 World Cup semi-finals in Sri Lanka 7:57

     Golf:
    Kiwi amateur Yuki Miya is the one to catch after two rounds of the New Zealand Golf Open in Central Otago 7:57

     Entertainment:
    Lupita Nyong'o has "over 50" uterine fibroids 7:51

     Accident and Emergency:
    A tram has derailed in Milan in Italy - killing one person and injuring almost 40 others 7:46

     Politics:
    Bill Clinton tells congressional committee he had 'no idea' about Jeffrey Epstein's crimes 7:37

     Rugby:
    Frustration for the Highlanders following a 31-14 Super Rugby loss to the Reds in Brisbane 7:26

     Entertainment:
    Hilary Duff has admitted she "intentionally" gatecrashed the premiere of her "childhood nemesis" Lindsay Lohan's movie Freaky Friday 7:21

     Rugby:
    Two Australian Super Rugby sides have made a winning start to round three 7:16

     Entertainment:
    Christian Bale appears to have confirmed he will join the cast of Heat 2 6:51

     Entertainment:
    Barbra Streisand has paid tribute to Jennifer Aniston following the actress' recent birthday and her growing relationship with Jim Curtis 6:21

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