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New Zealand Fuel Prices Surge in April

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Petrol and diesel prices in New Zealand increased by nearly 13% and 37%, respectively, in April compared with the previous month, according to a Stats NZ selected price indexes report on Friday.

"In the two months since February, petrol has increased 33.6% and diesel has increased 94.9%," said prices and deflators spokesperson Nicola Growden.

Food prices remained flat in April compared with the previous month, driven by a 0.7% rise in grocery food prices offset by a 2.3% fall in fruit and vegetable prices.

Domestic and international airfares rose by 4.2% and 6.2% respectively in April compared with March, while electricity and gas prices increased by 2.4% and 0.3% respectively over the same period.

"Electricity prices have been increasing every month from December 2024," Growden added.

Food prices increased by 2.6% on an annual basis in April, compared with a 3.4% increase in the 12 months to March, driven mainly by a 7.8% rise in meat, poultry, and fish prices, followed by a 2.7% increase in restaurant meals and ready-to-eat food.

Petrol and diesel prices both increased over the 12 months to April, rising by over 30% and 91%, respectively.

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