Petrol prices have risen for the second time this year, on the back of continued weakness in the New Zealand dollar and higher prices for petrol in Singapore.
A weakening New Zealand dollar has forced the four major petrol companies to raise prices for the first time in over six months.
The price of diesel dropped 5c a litre today at most fuel stations throughout the country.
Petrol prices are now at their lowest since July 2007 following the latest cuts announced today.
Petrol prices at the pump are at their lowest since January, the Automobile Association says.
All four major petrol companies dropped their prices this afternoon - just in time for the long weekend.
Shell led a petrol price drop today, followed closely by BP.
Australian carmaker GM Holden will move to subsidise fuel prices for its private customers for up to two years.
Fuel companies dropped the price of diesel by 6c a litre today.
Shell has dropped the price of petrol by 3c a litre, taking it below $2 per litre for the first time since May.
Petrol prices have dropped for the fourth time in two weeks, due to further falls in the international prices of refined petrol and diesel.
Petrol and diesel prices jumped 6 cents a litre at outlets for the four major retailers today.
Itinerant resource teachers may be forced to make fewer trips to schools in rural Otago if fuel prices continue to rise, a Dunedin-based resource teacher says.
New Zealand's tourism industry says it's feeling the pinch from high fuel prices, with flight prices on the rise and travellers arriving with less to spend.
Liane Dalziel
Oil suppliers presiding over unprecedented hardship among drivers will have their pricing structures put under the gaze of a Government-ordered inquiry.
As the psychological barrier of $2 a litre for petrol was passed for many Otago motorists yesterday, a warning has gone out the pain may get worse.
The average New Zealand motorist will spend almost $700 a year more on petrol this year than last year, with the latest price increases meaning budgets will be stretched even further.
Shell today increased the price of petrol by 4c a litre, which is slightly less than the 6c a litre rivals BP, Caltex and Mobil moved by yesterday.