{"id":17127,"date":"2026-04-09T13:33:27","date_gmt":"2026-04-09T01:33:27","guid":{"rendered":"https:\/\/thebuzz.apnanetwork.co.nz\/?p=17127"},"modified":"2026-04-09T13:33:35","modified_gmt":"2026-04-09T01:33:35","slug":"relief-at-the-petrol-pump-on-the-way-fuel-industry-says","status":"publish","type":"post","link":"https:\/\/thebuzz.apnanetwork.co.nz\/?p=17127","title":{"rendered":"Relief at the petrol pump on the way, fuel industry says"},"content":{"rendered":"<p>The fuel industry says people should start seeing some relief at the pump over the next week, despite motorists using diesel fearing prices could reach more than $4 a litre.<\/p>\n<p>Following news of the US and Iran ceasefire, oil prices have fallen, which Waitomo Group chief executive Simon Parham said was positive news for fuel prices.<\/p>\n<p>Parham told\u00a0<i>Morning Report\u00a0<\/i>there would be some relief in the next couple of weeks, which would start to be seen on some gasoline products over the weekend.<\/p>\n<div class=\"photo-captioned photo-captioned-full photo-cntr eight_col \">\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.rnztools.nz\/rnz\/image\/upload\/s--BlRAPXNb--\/ar_16:10,c_fill,f_auto,g_auto,q_auto,w_1050\/v1775613805\/4JQHRAI_IMG_1863_jpeg?_a=BACCd2AD\" alt=\"Diesel prices at the pump\" width=\"1050\" height=\"700\" \/><\/p>\n<p class=\"photo-captioned__information\"><span class=\"caption\">Diesel prices on 8 April.\u00a0<\/span><span class=\"credit\">Photo:\u00a0RNZ \/ Mark Papalii<\/span><\/p>\n<\/div>\n<p>Diesel would be a different story however, Parham said, and he expected it would take some time for prices to unwind &#8211; but he believed it would not get to $4 a litre.<\/p>\n<p>&#8220;I think we&#8217;ll skim just under that.&#8221;<\/p>\n<p>RNZ went out on Wednesday to speak to drivers at petrol stations about diesel becoming the most expensive fuel at the pump as it overtakes 98.<\/p>\n<p>According to fuel finding app Gaspy, 260 stations in the motu were charging diesel at $3.99 a litre, with some truck stops in the Bay of Plenty and Waikato hitting $4.20 a litre.<\/p>\n<p>Motorists said that commuters and individuals could switch to petrol cars, public transport or working from home.<\/p>\n<p>But commercial trucking fleets do not have that flexibility.<\/p>\n<div class=\"photo-captioned photo-captioned-full photo-cntr eight_col \">\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.rnztools.nz\/rnz\/image\/upload\/s--ArVeDOIo--\/ar_16:10,c_fill,f_auto,g_auto,q_auto,w_1050\/v1775598980\/4JQI8XK_mobil_1_4_jpg?_a=BACCd2AD\" alt=\"Mobil \/ TRANZLIQUID\" width=\"1050\" height=\"700\" \/><\/p>\n<p class=\"photo-captioned__information\"><span class=\"credit\">Photo:\u00a0RNZ \/ Mark Papalii<\/span><\/p>\n<\/div>\n<p>One contractor told RNZ business owners had no choice but to absorb higher diesel costs in contracts agreed months ago before the fuel crisis.<\/p>\n<p>Another business owner said companies would have to decide whether to pass on the higher cost of diesel to their customers in any new contracts.<\/p>\n<p>A civil construction company owner said: &#8220;We&#8217;re definitely feeling the pinch. We&#8217;re trying to wear the cost as much as possible. But we are looking at price increases&#8221;<\/p>\n<p>They said that could cause ripple effects across all industries from construction to agriculture.<\/p>\n<p>One builder told RNZ: &#8220;All our suppliers are charging extra on deliveries now.&#8221;<\/p>\n<p>Parham said purchases of fuel had softened as prices rose, after a couple of weeks of panic buying.<\/p>\n<p>He said demand was down about 10 percent.<\/p>\n<p>&#8220;There&#8217;s definitely been a change in behaviours. We&#8217;re more keen than anybody to get these prices back down.&#8221;<\/p>\n<p>Gaspy spokesperson Mike Newton said dependence on overseas refineries and the lack of alternatives to diesel would likely keep prices high for a while.<\/p>\n<p>Fuel prices in general rose following the outbreak of war in the Middle East and the closure of the Strait of Hormuz, a major oil shipping route.<\/p>\n<p>US President Donald Trump announced a\u00a0<a href=\"https:\/\/www.rnz.co.nz\/news\/world\/591753\/trump-agrees-to-two-week-iran-ceasefire-drops-threat-to-destroy-whole-civilization\">two-week ceasefire<\/a>\u00a0on Wednesday which led to crude oil prices dropping.<\/p>\n<p>However, Newton said diesel prices were unlikely to drop because New Zealand had no refining capacity and would have to wait for supplies from overseas.<\/p>\n<p>Newton said diesel prices had risen sharply and it was not clear why.<\/p>\n<p>&#8220;It&#8217;s been creeping up five cents a day sort of thing, but we&#8217;ve seen jumps of 30, 40, 50 cents. At some stations just out of nowhere, and it&#8217;s not clear to us exactly what is causing such a big jump so suddenly.&#8221;<\/p>\n<p>He said the fuel crisis was worse than the price spike that followed Russia&#8217;s invasion of Ukraine, which drove up diesel prices by about 50 percent.<\/p>\n<p>&#8220;Currently, we have already doubled the price of diesel, so it&#8217;s over 100 percent increase,&#8221; Newton said.<\/p>\n<p>&#8220;So although we&#8217;re seeing similar patterns, the numbers are just so much bigger than what we saw during the Ukraine conflict.&#8221;<\/p>\n<p>Source: RNZ<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fuel industry says people should start seeing some relief at the pump over the next week, despite motorists using diesel fearing prices could reach more than $4 a litre. Following news of the US and Iran ceasefire, oil prices have fallen, which Waitomo Group chief executive Simon Parham said was positive news for fuel [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":17128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[],"class_list":["post-17127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nz-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/17127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17127"}],"version-history":[{"count":2,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/17127\/revisions"}],"predecessor-version":[{"id":17130,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/17127\/revisions\/17130"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/media\/17128"}],"wp:attachment":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}