Wednesday, June 11, 2008

Petrol Price Up AGAIN!!

Just one day after we got back from Christchurch, price of petrol went UP AGAIN!!!

91 Octane is now $2.07, up 6 cents!  Analysts blamed it on the rise of oil price worldwide as well as the Kiwi dollar dropping in value!  But the weakening dollar is always good for exporters as they have been suffering for a while with the strong Kiwi dollar.

Industries depending on petrol prices are calling for the government to drop some tax on the petrol.  Apparently there are 5 different taxes on petrol plus the GST of 12.5%!

We the consumers are just suffering the consequences as it has a domino effect on the price of everything else!!!

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