Higher crude oil costs are pumping up fuel prices
Higher crude oil costs are pumping up fuel prices
17 August 2018
Latest figures from Stats NZ show the higher cost for imported crude oil led to an 11-percent rise in the costs paid by the petroleum and coal manufacturing industry in the June quarter.
Petrol bought by businesses was up 5.5 percent, and diesel was up 9.8 percent.
Those increases have flowed through to other industries, with input prices for the road transport industry rising two-percent in the June quarter.
© 2024 Newstalk ZB, NZCity