Source: Radio New Zealand
Oil prices have risen as the fall out continues from the Middle East crisis.
Brent Crude oil rose about US$1 to be just above US$113 a barrel in early Asia trade.
The New Zealand share market has retreated sharply, with the benchmark NZX50 down 1.4 percent shortly after 11am.
Meanwhile, Finance Minister Nicola Willis said on Sunday New Zealand’s fuels stocks remain at seven weeks’ worth, including stockpiles.
Fuel price app Gaspy has altered features in an attempt to avoid errors and deliberate misinformation about current prices of petrol.
And the government has announced a $50 million plan to double electric EV chargers in New Zealand.
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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand
