Thread: Petrol at record high
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Old 14-03-2008, 03:08 AM
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Unhappy Petrol at record high
Petrol at record high after oil hits US$110
11:20AM Thursday March 13, 2008

Motorists are now paying more for petrol than ever before with a three cent a litre rise overnight.

Shell, BP and Caltex lifted their prices at the pump overnight. That move takes the price in the main centres to $1.78 a litre for 91 and $1.83 for 95.

AA spokesman Mark Stockdale said that is a cent above the previous record high in July and August 2006 and is concerning given it has come at a time when the New Zealand dollar is quite strong at 80 cents against the US.

Mr Stockdale said while the currency is cushioning New Zealand somewhat from the shock of rises in the price of crude, he is worried about what might happen if the kiwi falls.

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