31 Jan 2023

Warnings of price rises as fuel subsidy ends

From Nine To Noon, 9:30 am on 31 January 2023

The government's fuel subsidy comes to an end today, and there are warnings the cost of some goods could rise. 

Transport companies are estimating everyday goods could rise, with one source in the meat industry suggesting it could be by 4 to 5 percent, as the cost of freight increases. 

In April last year, the government introduced a Transport Support Package in response to a growing global energy crisis.

The relief package included a 25 cents a litre cut to Fuel Excise Duty, and a 36 percent discount for Road User Charges.

Half price fares on public transport will still continue until 31 March 2023.

Kathryn speaks with Countdown's director of New Zealand supply chains, Arjern Ramnarayan and Chris Carr, the director of transporting company Carr and Haslam.

WYNTK fuel tax cut

Photo: RNZ