14 Dec 2022

Fuel discount to end, recession expected in 2023

From Checkpoint, 5:07 pm on 14 December 2022

Buckle up New Zealand - a speed-bump recession is coming next year - and full price petrol is too.

The government's opened its books today - and Treasury's predicting pain to come - with inflation forecast to stay higher for longer.

As such, the Finance Minister Grant Robertson is extending the discount on petrol, but only for two more months.

Come April, the subsidies end. Here's our deputy political editor Craig McCulloch.