Rising diesel prices are starting to have an impact on construction costs. Photo: RNZRising fuel prices are starting to push construction costs higher, according to property valuer Quotable Value (QV). But QV says rapidly rising diesel prices have begun flowing through into fuel-intensive parts of the sector. Excavation costs jumped 7.8 percent, piling rose 1.4 percent, and demolition increased 1.3 percent - largely due to the surge in diesel prices. Site preparation and substructure costs also rose by 2 percent and 1.8 percent respectively as fuel costs pushed higher.

Source: Otago Daily Times March 31, 2026 05:46 UTC