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Simon Parham: Waitomo Group CEO on the impact of the Middle East conflict on fuel prices
Published 3 months, 2 weeks ago
Description
More people have been filling up at petrol stations as prices climb.
The Waitomo Group says there's been a 15-20% increase in demand in the past week.
Chief Executive Simon Parham says pump prices have gone up from about 10 to 20 cents a litre.
He told Mike Hosking it's because they buy their product on a weekly basis.
Parham says with short sharp shocks it's very hard to avoid price increases.
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