“We’ve seen the fuel price move around quite a bit.”She said New Zealand’s fuel reserves were fairly robust, with jet fuel stored across the system at airports and Marsden Pt terminal. But O’Brien said airlines had to raise prices because jet fuel had already become more expensive. Jet fuel prices have been volatile, at one point late last week around US$85 ($143) a barrel more than Brent crude. Even before Monday’s crude price spike, jet fuel prices were up. The International Air Transport Association said the global average jet fuel price last week rose 58.4% compared with the week before.

Source: New Zealand Herald March 11, 2026 14:31 UTC