A fuel pricing poll by Consumer NZ found four out of five respondents (or 81 percent) are driving less due to the price of petrol and diesel hitting painful levels.
“With the price of fuel past $3 a litre in most parts of the country, it's inevitable that we're seeing many New Zealanders looking to minimise their driving. A lot of people don’t have a choice, they can’t afford their fuel bill right now,” said Consumer NZ chief executive Jon Duffy.
Consumer’s Sentiment Tracker found rising fuel costs are now the sixth highest financial concern for New Zealanders, jumping from 11th place in previous quarters.
The Sentiment Tracker also found that the cost of living has now superseded the previous top concerns — Covid-19 and the price of housing.
In addition to monitoring air-con use, driving more smoothly and carpooling, a third of the respondents are also considering switching to a hybrid or electric vehicle to save money.
As well as contemplating energy-efficient vehicles, many people have stopped filling up their tank to full, with two-thirds of respondents opting for small top-ups when they need it. Just over a third anticipate further price hikes and are filling up their tank to hedge against higher prices.
“We know a lot of New Zealanders are really feeling the pain at the pump right now and it’s worsened by increased price pressure across other essentials like groceries, power and rents,” Duffy said.
On 14 March, the government responded to the global energy crisis by offering its cost-of-living relief package. This included cutting fuel taxes by 25 cents a litre and halving public transport fares for the next three months.
“This price volatility may be with us for some time and is a signal, along with the climate crisis, that we need to be exploring clean transport alternatives and reduce our dependency on fossil fuels,” Duffy said.
Consumer NZ’s ways to reduce your fuel bill:
Our poll: Consumer NZ Fuel Price Poll was conducted between 12 and 16 March 2022 online, with 390 respondents.