Petrol prices have hit their highest level since the start of the Iran-US war.

Fuel monitoring site Gaspy today shows the average price of 91 unleaded is three dollars 50 point six.

The latest increase follows a sustained period over where the price of global oil price benchmark Brent Crude has sat above US 100 dollars a barrel.

Finance Minister Nicola Willis told Heather du Plessis-Allan she hasn't had advice on how high the price may go.

She says she's been told the release of additional oil from the International Energy Agency will stop prices spiralling from here.

LISTEN ABOVE

Petrol prices have hit their highest level since the start of the Iran-US war.
Fuel monitoring site Gaspy today shows the average price of 91 unleaded is three dollars 50 point six.
The latest increase follows a sustained period over where the price of global oil price benchmark Brent Crude has sat above US 100 dollars a barrel.
Finance Minister Nicola Willis told Heather du Plessis-Allan she hasn't had advice on how high the price may go.
She says she's been told the release of additional oil from the International Energy Agency will stop prices spiralling from here.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Nicola Willis: National Finance Spokesperson and Finance Minister on fiscal plans and fuel prices

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/3742ab91-ef43-439c-a939-b4da0061aa56/transcript