Mike Bennetts: Z Energy Chief Executive says petrol reaching $4 a litre is 'not impossible'

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Recorded09 Mar 2022

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There are predictions petrol will hit $4 a litre, as the invasion of Ukraine and sanctions against Russia push up commodity prices across the board. Z Energy Chief Executive Mike Bennetts told Mike Hosking it would imply crude oil would be more than $USD200 a barrel, which we've never seen before in the world's history. He says it's not impossible, but would certainly be out there. Bennetts says it would be driven by a significant disruption to the physical flow of oil, which we haven't seen so far. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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