Petrol at record high, dollar at two-year low

Petrol prices hit a new high of nearly $1.57 a litre yesterday as the New Zealand dollar dropped below US60 cents for the first time in two years.

A litre of 92 rose another 3c yesterday and now costs $1.56.9, more than in the wake of last year's Hurricane Katrina.

Both 95 and diesel have also risen 3c to $1.61.9 and $1.16.9 respectively.

- NZPA