'We've moved really fast' - Rising cost of fuel concerning Government as they look for solutions to steep petrol prices

The Government is concerned at the rise in petrol prices hitting Wellington and South Island users. 

Energy Minister Megan Woods said today the recent petrol price hikes are "exactly why we're pushing ahead to get the market study powers" - meaning companies would be made to provide information to enable the regulator to have a greater understanding of the fuel market. 

It comes after Wellington and South Island 91 octane rose to $2.30 a litre last week.  

A Z Energy spokesperson told Newstalk ZB the price hike was mainly driven by international market increases that were passed along to customers. 

The depreciating Kiwi dollar is another factor which have risen the price of petrol to it's current level above $2.10 per litre, Road Transport Forum NZ chief executive Ken Shirely said. 

Geo-political trends, and the instability of the Iran nuclear deal with US sanctions on the middle eastern country, are also influences.

National's Sarah Dowie told Stuff last week the rise in petrol prices in the South Island is "going to get worse". 

"Part of the reason prices are climbing is due to price spreading as fuel companies try to hide the effects of the Government's new 11.5 cents per litre Auckland Regional Fuel tax in other parts of the country," Ms Dowie told Stuff.

She said the nationwide fuel excise increases over the next three years also mean "hardworking Southlanders, who already face high fuel prices, are going to be paying even more". 

Ms Woods said the Government is "really concerned" about the issue. 

"We want reassurance people are paying a fair price when they fill up their cars and that we're doing the work to make sure that we have all the information we need."

"I think every New Zealander feels concerned when they're seeing price rises like that, particularly in the Wellington region and the South Island," Ms Woods said. 

Finance Minister Grant Robertson says the rise in petrol "was exactly why we're beefing up the powers of the Commerce Commission... so they can actually identify what is going on here". 

"We've had a problem that we haven't been able to get to the bottom of this, haven't been able to get the information we need."

Ms Woods said the legislation for market powers have been through the first reading in Parliament.

"We've moved really fast on that piece of legislation, but I am discussing with officials if there is anything we can do in the interim," Ms Woods said. 

"Unfortunately most of the solutions do actually require us to have the information that we'll get through the market studies powers."

Mr Robertson said if there was anti-competitive behaviour happening, "we'd stamp down on that". 

Energy Minister Megan Woods said they want reassurances people are paying a fair price at the pump. Source: 1 NEWS



'What’s up Muzza' - is it weird to call your parents by their first name?

What do you call your parents - mum and dad, or Geoff and Pam?

The idea some people call their parents by their first name was a hot topic on Breakfast this morning, with Hayley Holt saying it was a bit weird calling her parents by their given names.

‘I’d feel a bit odd, ‘hey Robin, what’s up Muzza?’”

Many viewers said calling parents by their given names was disrespectful, with one viewer saying she had earned the title of mum.

Another said when children were older, it could be a discussion families could have together.

Newsreader Scotty Morrison said in Te Reo Māori there were “beautiful terms” for older members of the whanāu.

“As our people get older they get more and more respect because of the life they have had, the life experience, the knowledge that they’ve gained," he said. 

“It’s important in Māori culture to have that respect for the older generation.”

Some Breakfast viewers thought it was disrespectful not to be called mum or dad. Source: Breakfast


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Police on the hunt after man seriously hurt in Hamilton shooting

A man has sustained serious injuries after being shot in Hamilton last night

Police responded to Derby Street, Nawton at 10:25pm after receiving reports of a shooting.

An investigation is underway to establish exactly what has occurred and inquiries are being made to find the offenders, who left the scene in a car.

The man is in a stable condition in a high dependency unit at Waikato Hospital.  

A scene examination on Derby Street will continue this morning.

Police car generic.
Police car generic. Source: 1 NEWS

Police are keen to talk to anyone who was in the area last night and may have information of interest to the investigation.

The incident took place in Nawton at 10.25pm yesterday – the offender fled the scene by car. Source: Breakfast

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Record number of happy punters as two win Powerball, 40 win Lotto first division

There were a lot more ecstatic Kiwi punters than usual last night, with two lucky Powerball players winning $2.5 million each and a record 40 players winning Lotto First Division.

Never before in the Lotto's 31-year history have that many winners been announced in a single draw. The 38 first division winners (without Powerball) will take home $25,000 each.

The winning Powerball tickets were sold at a Countdown supermarket in Hastings and at New Brighton Lotto & Discounter in Christchurch.

It follows a winning $7.2 million Powerball draw just a week earlier, sold from a Pak'n Save in Silverdale. As of yet, however, no one has come forward to claim it.

Some winners might be slightly disappointed by their haul from last night’s draw, while two others claimed over $2.5 million. Source: Breakfast


Strong growth expected in GDP figures to be released this morning

All eyes are on the country's financial performance this morning with economists expecting strong growth.

The latest GDP figures are due for release, with ASB tipping they'll show strong quarterly growth.

Westpac have forecast the annual rate of growth to hold steady at 2.7 percent and both banks are picking a 0.9 per cent rise for the quarter.

Eyes are on the country’s financial performance this morning, with ASB tipping strong quarterly growth. Source: Breakfast