News | Business
11 Jul 2025 13:02
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    A number of factors are driving petrol prices upwards

    A number of factors are driving petrol prices upwards


    AA principal policy adviser Terry Collins says prices could hit three dollars by the end of this year.

    Collins says as we move to green energy, investment's shifting from sourcing hydrocarbons like gas and oil - to renewable energy.

    He says oil and gas discovery last year was at its lowest rate in 75 years.

    Collins says producers can maintain current production, but the long term outlook is not particularly good.

    He says that's good for the climate, but in the short term it means hydrocarbons go up in price.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     11 Jul: Importing liquefied natural gas could potentially require one billion dollars in capital investment
     11 Jul: New migration numbers may be painting a bleak picture of our economy
     11 Jul: Multiple sectors are working together to shut financial scams down in real time
     10 Jul: Napier's 'Design Spun', spinning mill is closing, as well as its dye house - with 26 jobs going
     10 Jul: Rents in the Capital are at their lowest since 2022
     10 Jul: Donald Trump reveals 50pc tariff for Brazil among levies to be imposed on imports from August 1
     10 Jul: Kiwirail is lifting some of its freight and Interislander user charges
     Top Stories

    RUGBY RUGBY
    Rugby headgear can’t prevent concussion – but new materials could soften the blows over a career More...


    BUSINESS BUSINESS
    Importing liquefied natural gas could potentially require one billion dollars in capital investment More...



     Today's News

    Law and Order:
    A 14-year-old has been jailed for three years and three months, for the fatal stabbing of a fellow teenager at a Dunedin bus hub 12:57

    Law and Order:
    Two people have pleaded not guilty to the manslaughter of a six year old child, in Wellington, in 2023 12:27

    Rugby:
    Rugby headgear can’t prevent concussion – but new materials could soften the blows over a career 12:07

    Christchurch:
    A person is injured after crashing to a creek in Leeston, southwest of Christchurch 11:57

    Living & Travel:
    Belief more international routes are on the way for Christchurch 11:27

    Politics:
    Bangladesh's ousted PM Sheikh Hasina indicted on charges of crimes against humanity 11:17

    Law and Order:
    An Auckland man's been convicted for a second time - for distributing and possessing child sexual exploitation material 11:07

    Environment:
    Those living at the top of the South Island are bracing themselves as more heavy rain sets in 10:27

    Politics:
    NZ’s new AI strategy is long on ‘economic opportunity’ but short on managing ethical and social risk 10:27

    National:
    Does AI actually boost productivity? The evidence is murky 10:17


     News Search






    Power Search


    © 2025 New Zealand City Ltd