ComCom to get market studies powers by end of 2018 after further information on petrol pricing

Wed, 06 Dec 2017

By Sophie Boot Dec. 6 (BusinessDesk) - The government has asked the Ministry of Business, Innovation and Employment to further investigate fuel prices and is looking to increase the Commerce Commission's market studies powers by the end of next year after getting more information on the fuel market. In July, a government-commissioned study found New Zealand's fuel market "may not be consistent with a workably competitive market" with retail margins increasing over the past five years while more expensive petrol in the South Island and Wel...

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