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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
Motorists drive past a plume of smoke rising from a reported Iranian strike in the industrial district of Doha on March 1, 2026. US President Donald Trump said on February 28 that Iran’s supreme leader Ayatollah Ali Khamenei was dead, after Israel and the United States launched an attack of unprecedented scale aimed at bringing down the Islamic republic. (Photo by Mahmud HAMS / AFP)
Stylised illustration of a natural gas tanker ship with Auckland skyline in background.
Cars in a queue for petrol at Tasman Fuels in Epsom, Sunday 8 March 2026.
Maui Campervan
a2 Milk CEO David Bortolussi, Auckland, New Zealand, on Thursday, February 13, 2025. Photo: David Rowland / One-Image.com
Aucklnd International Terminal, airside planes  - China Eastern plane at Auckland International Airport
Generic imagery of gas and fuel alongside transport vehicles, composite graphic
Snow by the Vulcan Hotel in St Bathans on Thursday.
People remain on a street following an earthquake in Caracas on June 24, 2026. A magnitude 7.1 earthquake struck Venezuela on Wednesday, the United States Geological Survey (USGS) reported, triggering panic in Caracas, according to AFP journalists. The tremor, which was followed by several aftershocks, was also felt in Colombia. (Photo by Manaure Quintero / AFP)
US President Donald Trump gestures as he arrives at Chateau de Versailles ahead of a dinner to celebrate the 250th anniversary of the independence of the United States, in Versailles southwest of Paris on June 17, 2026. (Photo by Guillaume BAPTISTE / AFP)
Mr Wong cries out in anguish as fire engulfs the Tai Po housing complex in Hong Kong.