The drop in the New Zealand dollar is already being felt at the pump.
Petrol retailer BP has increaseed prices at the pump by 2 cents a litre on all grades of petrol at 22 of its 98 stations nationwide.
The move is in direct response to the fall in the dollar.
A spokesperson for BP says it they will be reviewing prices across the day and monitoring the situation.
Z Energy confirmed it has increased its prices by 3 cents per litre.