Cameron Bagrie: Bagrie Economics Founder on rising fuel prices as Unleaded 91 petrol increases 26 cents per litre so far this year
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Description
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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