There is uncertainty about the Prime Minister's policy on petrol prices.

With a climate-change lens, her "nuclear-free moment" should see her welcoming price rises. Her ban on new oil and gas exploration was about restricting domestic supply, thereby increasing scarcity. Her new taxes on fuel are surely as much about deterrence as raising revenue for public transport projects like the Auckland and Wellington trams.

Putting more bite into the Emissions Trading Scheme is pointless unless the carbon price continues rising, as forward prices indicate it will.


It is precisely when more businesses and families find the cost of fuel