Gull to appeal Customs decision to Supreme Court

Tue, 19 Mar 2013

March 19 (BusinessDesk) - Cut-price petrol retailer Gull Petroleum has won the right to appeal to the Supreme Court in its stoush with the Customs Department over the rate of excise duty it should charge on butane added to petrol arriving at the wharf in New Zealand. The addition of locally produced butane effectively "waters down" the potency of Gull petrol, but allows the firm to offer petrol at a significantly lower per litre price than other major transport fuel retailers. The excise rates on locally produced butane are lower than for imp...

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