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Reading: LPG crisis updates LIVE: Oil prices climb as Iranian boats hit two fuel oil tankers
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Home » LPG crisis updates LIVE: Oil prices climb as Iranian boats hit two fuel oil tankers

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LPG crisis updates LIVE: Oil prices climb as Iranian boats hit two fuel oil tankers

Times Desk
Last updated: March 12, 2026 2:40 am
Times Desk
Published: March 12, 2026
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New Zealand’s national airline said Thursday (March 12, 2026) it would cancel 1,100 flights over the next two months, pointing to the impact of the war in the Middle East.

Air New Zealand chief executive Nikhil Ravishankar said around five percent of its flights will be cancelled, affecting 44,000 passengers.

The cancelled flights are mostly on domestic routes within New Zealand but will also include some international flights, he said.

Flights between New Zealand and the United States would not be impacted due to increased demand for alternative routes to Europe, Ravishankar added.

“With the unprecedented volatility in jet fuel prices due to the conflict in the Middle East, airlines around the world are adjusting fares and their schedules to help manage the impact of these significantly increased costs,” Mr. Ravishankar said.

Ravishankar said jet fuel typically cost about US$85 a barrel, but prices were now double that.

Cancellations would help keep flying as affordable as possible and ensure the company was efficient with fuel, he said. — AFP



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TAGGED:crude oil price todayGas cylinder shortageLPG crisis in indiaLPG crisis LIVE IndiaLPG shortage in India
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