Petrol prices in NZ are soaring! With the conflict in Iran squeezing supply, 91 has officially broken the $3 mark. See how long the hike will last.

If you’ve been putting off that road trip, your bank account might thank you. As of this morning, Regular 91 has officially crossed the $3.00 per litre mark across much of Aotearoa. The spike comes as the conflict in the Middle East—specifically involving Iran—continues to send shockwaves through global oil markets.

Economists are calling it a “war on the wallet,” with crude oil prices surging past US$100 a barrel this week. The main issue? The Strait of Hormuz, a tiny but vital chokepoint for 20% of the world’s oil, is under threat. While NZ has about 50 days of fuel supply left, the cost to bring in new shipments has skyrocketed. Experts warn that we are in for “week after week” of hikes, so it might be time to start taking the bus or checking the Gaspy app for the last remaining “cheap” spots in tow.