End of refining will have little impact on petrol prices: Z Energy

End of refining will have little impact on petrol prices: Z Energy
Z Energy says it will become more competitive with the end of oil refining in NZ (Image: Getty)
Ian Llewellyn
The end of oil refining in New Zealand will not have any material impact on petrol prices or energy security, Z Energy says.The country’s largest fuel retailer was one of Refining NZ’s shareholders that overwhelmingly voted in favour of it moving to an import only terminal.Barring exceptional events such as a reversal in the board’s thinking or Refining NZ’s bankers not supporting the change, the move to end refining will begin in mid-2022.Z corporate affairs manager Matt Hardwick said motorists and other customers were...

More Policy

MoT to gauge market interest in toll road concessions
Policy

MoT to gauge market interest in toll road concessions

Investment bank Citi will assist the ministry. Transurban has already signalled interest.

Oliver Lewis 03 Jul 2025
Govt announces first three 'regional deal' contenders
Policy

Govt announces first three 'regional deal' contenders

Ministers want regions to consider 'asset recycling', among other funding tools.

Oliver Lewis 02 Jul 2025
‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades
Policy

‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades

Two of the biggest NZ ports are raising prices as they plan major investments.

Oliver Lewis 02 Jul 2025
'There are some firms in NZ I won’t touch'
Policy

'There are some firms in NZ I won’t touch'

Adam Feeley on the reluctance to call out poor performers in NZ infrastructure sector.

Oliver Lewis 30 Jun 2025