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'No immediate threat': Nicola Willis on the Government's plan to monitor fuel prices

Author
Newstalk ZB,
Publish Date
Mon, 9 Mar 2026, 7:01pm
Finance Minister Nicola Willis. Photo / Mark Mitchell
Finance Minister Nicola Willis. Photo / Mark Mitchell

'No immediate threat': Nicola Willis on the Government's plan to monitor fuel prices

Author
Newstalk ZB,
Publish Date
Mon, 9 Mar 2026, 7:01pm

The Government is actively monitoring the impact international fuel prices are having on the price we're being asked to pay at the pump.

Crude oil prices have topped $100 US dollars a barrel for the first time in three years - and our petrol prices surged another 14 cents in the weekend.

Finance Minister Nicola Willis says the Government's working with key industries to keep an eye on prices, in case there's a global shock.

"We can assure New Zealanders that there's enough fuel for at least 60 days, and then beyond that - of course, fuel companies will be responsible for having their own orders in."

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