Nicola Willis rules out fuel subsidies despite rising oil prices
Tuesday 24 June 2025 · 3 outlets · 3 reports · updated In this story Nicola Willis, Treasury
Finance Minister Nicola Willis has ruled out introducing fuel subsidies as instability in the Middle East drives up global oil prices. While monitoring Treasury updates, she stated that such subsidies are difficult to sustain. A sustained $10 increase in the price of a barrel of oil translates to 10 cents more per litre.
How they headlined it
-
The Press via The Post
-
RNZ
-
1News via RNZ
Nicola Willis rules out fuel subsidies as global oil price surge (opens in new tab)
More on Israel-Iran conflict and New Zealand response
- Immigration New Zealand receives nearly 300 offshore visa applications
- The challenges of extracting New Zealanders from war zones
- Defence Force Hercules arrives in Middle East for contingency operations
+1 - New Zealanders in Israel not using government evacuation options
- Parliament addresses Middle East conflict in ministerial statement
