Mideast turmoil pumps petrol prices

Violence and tension in the Middle East, coupled with the low value of the Kiwi dollar, have again pushed up fuel prices for New Zealand motorists.

BP - after twice dropping its prices in the past few weeks - is raising the price of petrol at its main city pumps by 4c a litre and diesel by 7c.

It now charges 118.9c for a litre of unleaded 91, 123.9c for premium.

Diesel costs 92.9c a litre.

Other major oil companies said they had noted the BP price rise and were working out what they would do.
A Shell spokeswoman said the company was "under immense pressure."

Caltex executives are expected to make an announcement on its fuel prices today.

Herald Online feature: Middle East

Map

Middle East Daily

Arabic News

Arabic Media Internet Network

Jerusalem Post

Israel Wire

US Department of State - Middle East Peace Process