Brace for higher fuel prices, says Waitomo chief
AI Summary
Motorists should prepare for fuel prices to spike, as Waitomo Group CEO Simon Parham warns of potential increases due to the ongoing conflict in the Middle East affecting oil markets. This potential rise of 15 cents per liter is expected within days, highlighting the broader implications for transportation costs and the economy. Such fluctuations underscore the sensitivity of fuel prices to geopolitical events, making this a significant issue for consumers and businesses alike.
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