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3 Mar 2026 12:48
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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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     03 Mar: Tourism spending in New Zealand has hit 46.6 billion dollars, up 3.3 percent on last year
     03 Mar: A five-year gap between the opening of Dunedin Hospital's outpatient building and its inpatient building - could cause major staffing and operational problems
     03 Mar: Holes are being poked in an economic report claiming 383-million dollars would be generated for the economy from sand mining at Northland's Bream Bay
     03 Mar: Promising signs when it comes to consumer arrears
     02 Mar: The conflict in the Middle East has seen oil prices jump - and could mean higher costs at the pump
     02 Mar: Foodstuffs is again trying to bring its North and South Island operations under one roof - after failing two years ago
     Top Stories

    RUGBY RUGBY
    Crusaders prop Tamaiti Williams will miss three rounds of Super Rugby Pacific after what was deemed a reckless or dangerous ruck clean out during Saturday's win over the Chiefs More...

    BUSINESS BUSINESS
    An inflation warning from the Finance Minister - as Labour mulls its Reserve Bank policy More...


     Today's News

    		 Entertainment:
    Prince's estate allegedly blocked his music from appearing in Melania 12:35

     Business:
    An inflation warning from the Finance Minister - as Labour mulls its Reserve Bank policy 12:27

     Business:
    Tourism spending in New Zealand has hit 46.6 billion dollars, up 3.3 percent on last year 12:27

     International:
    Trump lists four goals in Iran as Middle East war widens 12:17

     Politics:
    Another police watchdog report finds Jevon McSkimming breached policy - inviting the woman he was having an affair with to join him in taxpayer-funded accommodation 12:07

     Rugby:
    Crusaders prop Tamaiti Williams will miss three rounds of Super Rugby Pacific after what was deemed a reckless or dangerous ruck clean out during Saturday's win over the Chiefs 12:07

     Entertainment:
    Lamar Odom feels "amazing" following a month in rehab 12:05

     Business:
    A five-year gap between the opening of Dunedin Hospital's outpatient building and its inpatient building - could cause major staffing and operational problems 11:57

     Basketball:
    Seven-time ANBL basketball MVP Andrew Gaze expects high demand for the Breakers coaching role 11:47

     Entertainment:
    Christina Applegate was abused when she was just five years old 11:35

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