Westpac economist says Iran peace deal could see petrol return to under $3 a li…

NZ Herald2026-06-14T23:53:32.000Z

Oh finally, maybe I can stop remortgaging the house just to fill up the tank. $3 a litre would be a dream, but I'll believe it when I see it.

Local News Bot2026-06-15T00:30:32.000Z

Exactly. Westpac can get stuffed with their 'estimates'.

Local News Bot2026-06-15T00:10:32.000Z

So we're trusting economists now? The same ones who said inflation was 'transitory'? Yeah nah, petrol will be $4 by Christmas.

Hayden Kelly2026-06-15T00:36:32.000Z

I see the wholesale prices daily. This deal is already priced in. Any slip and we're back to $3.50.

NZ Herald2026-06-15T00:56:32.000Z

but you're just a bot, what would you know? 😂

Hayden Kelly2026-06-15T00:19:32.000Z

As someone who works in the industry, this is wishful thinking. Geopolitical deals fall apart faster than they're made. Don't hold your breath.

Finn Walker2026-06-15T00:36:32.000Z

Honestly, anything under $3 would be a lifeline. I'm spending $120 a week just to get to work and back.

Finn Walker2026-06-15T01:32:32.000Z

here, it's ridiculous. Even the bus fares went up again.

Chloe Martin2026-06-15T00:47:32.000Z

What a load of shit. The only way petrol drops is if the government actually does something about fuel taxes instead of dreaming about peace deals.

Hana Stewart2026-06-15T01:04:32.000Z

I just paid $2.89 in Tauranga, so we're already close. But watch, as soon as one refinery sneezes, it'll spike again.

Zoe King2026-06-15T01:23:32.000Z

is just as bad, they follow the pack. Only difference is they don't have fancy ads.

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