New Zealand Finance Minister Rejects Broad Fuel Price Relief

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000New Zealand will adopt a careful approach to the fuel crisis because it doesn’t have the fiscal headroom for unrestrained spending to ease the pain of higher pump prices, according to Finance Minister Nicola Willis.“We are determined to have a very responsible approach to how we respond to the unfolding crisis,” Willis told Bloomberg Television on Wednesday from Wellington. “It’s been our view that blanket reductions in the petrol tax or capping of prices is not an affordable response for New Zealand.”