Photo: RNZThe fuel industry says people should start seeing some relief at the pump over the next week, despite motorists using diesel fearing prices could reach more than $4 a litre. Following news of the US and Iran ceasefire, oil prices have fallen, which Waitomo Group chief executive Simon Parham said was positive news for prices of fuel. RNZ went out to speak to drivers at petrol stations on Wednesday about diesel becoming the most expensive fuel at the pump as it overtakes 98. US President Donald Trump announced a two-week ceasefire on Wednesday which led to crude oil prices dropping. However, Newton said diesel prices were unlikely to drop because New Zealand had no refining capacity and would have to wait for supplies from overseas.

Source: Otago Daily Times April 08, 2026 20:31 UTC