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AAP
AAP
Ben McKay

Soaring fuel costs prompt New Zealand subsidy

New Zealand Nicola Willis Ben Mckay Chris Luxon RBNZ
New Zealand's government is looking to provide relief at the bowser as petrol prices soar. (Ben McKay/AAP PHOTOS)

Battling families will receive a weekly tax credit to offset the soaring price of fuel in New Zealand, amid warnings that the Iran war will hurt hip pockets for months to come.

The average price of a litre of unleaded 91 petrol has soared by a third to $NZ3.37 ($A2.82) a litre in New Zealand - and more in many regional locations.

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