Petrol companies raising gas prices in response to NZ dollar's plunge against the Greenback

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.

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Huntsville, Alabama, USA - June 26, 2011: Close up of illuminated bp sign at gas station in Huntsville, Alabama. Sign located on the corner of Wynn Drive and University Drive and image taken at sunset.  Vertical composition with copy space above.
BP logo. Source: istock.com

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