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Could Petrol Prices Hit $3? Retailers Warned over Hiking Prices as Middle East Crisis Worsens

Waitomo Group CEO Simon Parham warns unleaded fuel could hit $3 per litre as Brent crude rose 16% due to Iran closing the Strait of Hormuz shipping route.

Summary by NZ Herald
New Zealand’s fuel retailers have been warned not to take advantage of the conflict in the Middle East by hiking petrol prices this week. It comes amid fears...

2 Articles

Otago Daily TimesOtago Daily Times
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Petrol prices could hit $3 a litre amid Middle East conflict

Petrol prices could start rising by the end of the week as the Middle East conflict goes on, one industry head says. Waitomo Group chief executive...

·Otago, New Zealand
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NZ HeraldNZ Herald
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Could petrol prices hit $3? Retailers warned over hiking prices as Middle East crisis worsens

New Zealand’s fuel retailers have been warned not to take advantage of the conflict in the Middle East by hiking petrol prices this week. It comes amid fears...

·Auckland, New Zealand
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NZ Herald broke the news in Auckland, New Zealand on Wednesday, March 4, 2026.
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