Brace for higher prices at the petrol pump.

Finance Minister Grant Robertson has just confirmed to Newstalk ZB that the Government won't be extending the current fuel tax discount beyond the end of June.

The Government extended the 25 cents per litre discount for a fourth time back in February, against Treasury advice.

Prime Minister Chris Hipkins has previously refused to rule out further extensions.

But Grant Robertson has revealed to Tim Dower there will be no further extensions in next month's Budget.

LISTEN ABOVE

Brace for higher prices at the petrol pump.
Finance Minister Grant Robertson has just confirmed to Newstalk ZB that the Government won't be extending the current fuel tax discount beyond the end of June.
The Government extended the 25 cents per litre discount for a fourth time back in February, against Treasury advice.
Prime Minister Chris Hipkins has previously refused to rule out further extensions.
But Grant Robertson has revealed to Tim Dower there will be no further extensions in next month's Budget.
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.