Source: Radio New Zealand
Petrol stations across the country are seeing a surge of drivers filling up as petrol prices rises amid fears of rapidly jumping prices and potential shortages.
Meanwhile, Prime Minister Christopher Luxon and Finance Minister Nicola Willis are set to talk about the latest on the fuel crisis.
It comes in the wake of a global rise in oil prices following the US-Israel war on Iran. Iran’s response has included the closure of the Strait of Hormuz, a key transportation channel for Middle Eastern energy exports.
Strikes overnight hit Iran’s part of the world’s largest gas field. Iran has vowed revenge, listing energy targets in Saudi Arabia, the UAE and Qatar as potential targets.
The Automobile Association here has warned further price hikes are likely.
There have been reports of service stations running out of fuel as motorists rush to fill up.
New Zealand has several weeks’ supply in storage or on the way, the government has said.
Luxon and Willis will be speaking to the media at Parliament from 1.30pm. Watch it live at the top of this page. RNZ will also be blogging the developments as they happen.
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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand
