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27 Feb 2026 16:28
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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

    		 Entertainment:
    Katherine Short spoke publicly about living with "mental illness" and the support she received from her service dog in the years before her death 16:21

     Golf:
    Two locals are on top of the leaderboard at the New Zealand Golf Open 16:17

     International:
    Crew-11 NASA astronaut behind mission-ending medical issues identifies himself 16:07

     International:
    Hillary Clinton slams Epstein committee for grilling her instead of Donald Trump 15:57

     Entertainment:
    Donald Faison admits JD and Turk's bromance on Scrubs is "way stronger" than his and Zach Braff's 15:51

     Law and Order:
    Two people have been arrested in connection to the death of Rotorua woman Sharlene Smith - one charged with her murder 15:27

     Entertainment:
    Paul Anthony Kelly has become a dad 15:21

     Cricket:
    Kiwi Daniel Hillier shares the lead at the New Zealand Golf Open after he finished his second round with a bogey in Central Otago 15:07

     Environment:
    A mere 48 hours after Wellington's Mayor went for a swim prove the sea was safe, the southern coast has again been declared unsuitable for swimming 14:57

     Entertainment:
    Martin Short has postponed his comedy tour dates following the death of his daughter 14:51

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