Combined with exchange rate pressure and the price of crude oil at US $145 a barrel this week more price rises at the pump are likely.
A rise of 2c a litre this week was blamed on an increase in ACC levies, but with oil prices breaking record after record, more increases are inevitable.
Pump prices for 91 octane stand at $2.13 a litre and $2.18 for 95 octane after Shell, Mobil and Caltex raised prices on Tuesday, matching BP, which had been 2c higher than its rivals for two weeks.
Are the continuing petrol price rises causing a slow down in taxi industry?
Have your say in the comments section below.
NZTAXIBLOG
