It’s believed businesses will hold off on hiking prices for as long as possible as rising fuel prices risk pushing inflation up.

Reserve Bank Governor Anna Breman says fuel prices are likely to lead to higher inflation and weaker growth over the coming months.

She says it's too early to say how much that will push up inflation across the board, or whether the Official Cash Rate will need to be hiked earlier than expected.

BusinessNZ Advocacy Director Catherine Beard told Ryan Bridge there was discussion with suppliers to make any price increases as a result of fuel transparent, so they won’t get baked in.

She says businesses are preparing for the worst, but things at the moment aren’t too bad.

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Disbelief in Hawke's Bay as another major food producer prepares to cut back.

McCain's confirmed it plans close its Hastings vegetable processing plant early next year.

The move follows Heinz Wattie’s plans to shut its Hastings packing site, along with factories in Auckland, Christchurch, and Dunedin.

Central Hawke's Bay Mayor Will Foley told Ryan Bridge locals thought they were better off than regions like Canterbury, and they thought McCain was still going strong.

He says this has come as a complete shock, and farmers will be digesting what this will mean for them over the next year.

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Concerns over the Government's fuel relief package missing benefit-dependent households.

It's unveiled a temporary 50-dollar weekly tax credit for about 143 thousand eligible working families with children - as the Iran war sends fuel costs rocketing.

Another 14 thousand families will get support at a lower rate.

Green Party Social Development Spokesperson Ricardo Menendez March told Ryan Bridge beneficiaries are often having to drive and some have kids.

He says it's people who are already struggling to make ends meet.

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That’s the real question we should be asking ourselves this morning.

Remember, the government’s running a deficit. A structural one.

They spend more than they earn in taxes.

The up to $400 million in yesterday’s package comes from the operating allowance. New money.

The government claims this is like a cheque account. But that’s disputed.

The Taxpayer’s Union says given the fact the books are in the red, new spending is basically funded by borrowing.

Therefore, it’s more like a credit card than a cheque account.

We do have a budget in May where cuts will come.

But remember the forecasts for their tax take are also dependent on forecasts for growth. And growth is being hit by oil, too. That means they won’t earn as much as they thought they would.

Add to that the fact borrowing costs are roughly 20% higher than they thought they would be back in December, and the spending starts to look a little shakey.

$50 per family is not the real number we should be taking about this morning, the number we should be talking about is $5,600 per household.

That’s roughly how much we are going to spend next year servicing our debt.

That’s before all this extra cost.

Think about that.

Look around your household. Your family.

That’s five and half grand a year, just in interest!

More than we spend on schooling our kids through primary and secondary.

Debt servicing is now the fourth-largest line item on the Government’s books, according to Treasury.

The more we spend, the longer it takes till we even start paying down that debt. That magical, mystical date has been pushed out till at least 2030.

It’s like waiting for Taylor Swift to announce a concert at Eden Park. Would be amazing. I’d be there. But will it ever actually happen?

I’m not saying people don’t need petrol money today, but is anyone asking at what cost tomorrow?

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NZ20 has triumphed, but the administration disaster at New Zealand Cricket continues.

Former Black Cap Dion Nash —understood to have been against the local franchise league that has been provisionally accepted— has resigned from NZC's board.

A statement says Nash was no longer aligned with the future direction of the organisation.

NZ Herald Sports Reporter Alex Powell told Ryan Bridge that it’s not surprising to see Nash falling on his sword.

He says it was sort of known behind the scenes that he was the one board member really against NZ20, and without him, they could’ve come to this conclusion a few months ago.

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Fonterra's confident it will be able to make the best of bad global circumstances.

The dairy giant has reported a 2.8% lift in first-half net profit to $750 million.

It's also announced a 20 cent increase in the farmgate milk price with a midpoint now sitting at $9.70 per kilo of milksolids.

Chief Executive Miles Hurrell says the war in Iran creates uncertainty.

Fonterra Co-operative Council Chair John Stevenson told Ryan Bridge that farmers are certainly worried.

He says the key thing will be seeing how the company deals with the war and the potential impact.

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The Finance Minister's set to announce details of cost relief measures for low-to-middle households today.

Nicola Willis announced the support package would be on its way - in response to the Iran war and fuel crisis.

Transporting NZ CEO Dom Kalasih shares his thoughts with Ryan Bridge on the Government lowering the quality specifications for imports to match Australia.

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