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Middle East crisis: Reports indicate oil prices likely to surge

Author
Newstalk ZB,
Publish Date
Wed, 4 Mar 2026, 8:43pm
An economist says petrol retail prices could increase by 20-30c a litre in the next couple of weeks. Photo / NZME
An economist says petrol retail prices could increase by 20-30c a litre in the next couple of weeks. Photo / NZME

Middle East crisis: Reports indicate oil prices likely to surge

Author
Newstalk ZB,
Publish Date
Wed, 4 Mar 2026, 8:43pm

There's been growing concerns about what the ongoing crisis in the Middle East could do for petrol prices.

There's fears Kiwi motorists will soon pay the price at the pump over the escalating conflict, and retailers have been warned not to take advantage of the conflict. 

Milford Asset Management expert Jeremy Hutton explained further.

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