Photo credit:RNZEconomist Shamubeel Eaqub said there would be a wider inflation effect for New Zealand, beyond the increase in petrol prices that has already begun.Screengrab / FacebookANZ chief economist Sharon Zollner says the increase in oil prices had been “quite exponential.”ABC / Luke BowdenFinance Minister Nicola Willis.RNZ / Samuel RillstoneWestpac chief economist Kelly Eckhold said petrol prices were on track to return to levels not seen since the invasion of Ukraine.Supplied / LinkedIn