For a while Simon Bridges has been trying to create a narrative about petrol prices.
But not in Auckland where a healthy dose of competition is keeping prices down.
And not according to BP. From Hamish Rutherford at Stuff three days ago:
BP said the latest increase was “predominantly due to an increase in the cost of product, coupled with the recent exchange rate weakening”.
A spokeswoman for Z Energy said the price of crude oil had risen around US$5 (NZ$7.47) and was now trading at more than US$75.
“While the Kiwi [dollar] is up slightly in the last few days, it is down 6cents [against the US$) in the last couple of months and has been a big driver of price increases recently.”
I suspect this is going to become a regular post …
Powered by WPtouch Mobile Suite for WordPress