Photo: NZ HeraldRecord petrol prices are the latest headache for the Coalition Government, with increasing calls for taxes - which currently make up about 43% of the cost of a litre of fuel - to be reined in. Estimates have households spending an extra $200 per year on fuel taxes, compared with a year ago. Nationally, all motorists paid an extra 4c a litre in excise tax from a week ago, while Aucklanders have since July been paying an extra 11.5c per litre. "The Government’s share and the costs faced by Kiwis [are] only going to get worse as fuel prices climb," he said. Since the election, he said petrol prices had increased by 42c a litre on average.

Source: Otago Daily Times October 07, 2018 15:33 UTC