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'Closer to $2.50': How low could fuel prices go?

Author
Newstalk ZB,
Publish Date
Mon, 29 Jun 2026, 5:44pm
Photo / Getty Images
Photo / Getty Images

The average price for 91 petrol has quietly sunk below $3 per litre, and there's hope it could go lower still.

The Middle East conflict has seen prices reach historic highs, but the newly-announced agreement between the US and Iran has seen fuel costs fall.

AA expert Terry Collins says fuel prices are likely to sink lower over the coming days, but they won't go as low as they were last year.

"I see it getting a lot better, I don't see it getting as good as it was at the end of the year. So not so bad." 

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