Terry Collins: AA Principal Advisor says there are several factors behind petrol prices being hiked
Heather du Plessis-Allan Drive · Newstalk ZB
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Show Notes
Petrol prices continue to climb higher.
The average price of 91 is expected to hit $3 within weeks, and the Government has already ruled out another discount.
AA Principal Advisor Terry Collins says there are a few reasons for the hike.
"The Saudis announced they'll take a million barrels of production out a day, Russia said it's taking some oil out of the market, and in the last month or so- the landed price of Singapore petrol's gone up by about 14-15 cents a litre."
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