March 31, 2026 12:17 PM

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New Zealand PM defends his Govt’s targeted cost‑of‑living support amid soaring fuel prices

New Zealand Prime Minister  Christopher  Luxon has defended his Government’s targeted cost‑of‑living support amid soaring fuel prices. In a social media post, he said that while New Zealand cannot control global energy markets, it must help those most affected. Luxon said the West Asia conflict is driving up fuel costs, impacting households and businesses, but warned against broad spending that could increase inflation and debt.

The New Zealand government has announced a temporary boost to the in-work tax credit, providing about 143,000 low- and middle-income families an extra 50 dollars per week from next month. The support will last up to one year or until fuel prices ease. Additional measures include increased payments for super annuitants, families, students, and beneficiaries, aimed at easing cost pressures while limiting inflation.