ComCom to eye fuel profits by region, activity

Thu, 18 Apr 2019

By Gavin Evans April 18 (BusinessDesk) - The Commerce Commission says its assessment of competition in the retail fuel industry will include whether some geographies or parts of the business are more profitable than others. The regulator says persistently high prices and excess returns at an industry level may be a sign that competition is not effective. But even where competition is effective, some individual firms may achieve above-normal profits if they offer superior products, or are better at controlling costs. It says it will nee...

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