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Petrol could reach $3.50 a litre

Morning Report

English - September 19, 2023 18:38 - 4 minutes - 4.53 MB - ★★★★ - 11 ratings
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Petrol prices could be set to soar as high as $3.50 a litre with the cost of oil at its highest point in a year.
Brent Crude is edging towards $95 US per barrel. And S and P Global oil analyst Spencer Welch told the BBC, it could go even higher.
And with Chinese refineries slowing down their output, there's a strain in other parts of the supply chain, too.
Waitomo managing director Jimmy Ormsby spoke to Ingrid Hipkiss.