Photo: RNZ / Kim Baker Wilson
The government has warned the country's oil deliveries are in doubt if the conflict in the Middle East rages on.
The closure of the Straits of Hormuz and damage to infrastructure has triggered volatility, fuelling record oil prices.
Prices hikes have stretched beyond the petrol pump, with Air New Zealand raising fares, suspending its earning guidance and warning it may have to cut flights if oil prices continued to increase.
Air Chathams said the rising cost of oil was costing the small airline about $140,000 extra a month in fuel, and could see it cut flights.
Associat
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