The fuel tax subsidy extension has alleviated fears from the trucking sector.

Prime Minister Chris Hipkins yesterday announced the fuel price subsidy, and half-priced public transport fares will be extended until the end of June.

The extension, originally due to end in March, is estimated to cost $718 million.

Prior to the extension, trucking groups said that had it ended in March, consumers would eventually end up having to pay more for freight costs.

Gull general manager Dave Bodger told Mike Hosking those fears are unfortunately realistic.

He says fuel is a major component of heavy transport, and they do need to pass fuel prices on.

LISTEN ABOVE

The fuel tax subsidy extension has alleviated fears from the trucking sector.
Prime Minister Chris Hipkins yesterday announced the fuel price subsidy, and half-priced public transport fares will be extended until the end of June.
The extension, originally due to end in March, is estimated to cost $718 million.
Prior to the extension, trucking groups said that had it ended in March, consumers would eventually end up having to pay more for freight costs.
Gull general manager Dave Bodger told Mike Hosking those fears are unfortunately realistic.
He says fuel is a major component of heavy transport, and they do need to pass fuel prices on.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.