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Three major factors contributing to rising fuel prices

Publish Date
Mon, 29 Apr 2024, 9:47am
Photo / Getty
Photo / Getty

Three major factors contributing to rising fuel prices

Publish Date
Mon, 29 Apr 2024, 9:47am

Fuel prices continue to rise. Unleaded 91 petrol has increased by 26 cents per litre this year, so far. 

Bagrie Economics Founder Cameron Bagrie tells Mike Hosking the three major factors of supply, demand, and geopolitics all contribute to the higher prices. 

War in the Middle East and drone attacks on Russian refineries raises concerns about fuel supplies. 

New Zealand prices are still away from their highest point of $3.16 per litre in July 2022. 

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