

Iran fuel shock adds pressure as Fitch warns New Zealand’s debt path is worsening
Debt reduction is now “more difficult to envisage”.


Debt reduction is now “more difficult to envisage”.


“Diesel is literally the lifeblood of the economy.”


Summarised by Centrist The latest public service workforce figures run counter to the idea that


Economists are also warning the shock could spread well beyond the pump, lifting the cost of groceries, freight, retail goods and other essentials.


“Some of our logistics providers are struggling…”


The manufacturing environment in New Zealand has become “increasingly difficult” in recent years.


“I’ve been advised that there is that speculation in the market, both by fuel importing companies here, and obviously, there’s been media coverage.”


“A pretty substantial shock that is negative for activity and growth.”


In some parts of the country, motorists are already paying more than $3 a litre for 95 petrol.


“We are a little bit short of capital, which is why we love our American friends.”