Fuel majors to be required to publish wholesale prices

Thu, 27 Feb 2020

Major petrol suppliers will face a wholesale pricing regime and have their supply contracts with other distributors regulated in order to improve competition in the wholesale fuel market.The government, acting on recommendations from the Commerce Commission, plans legislation to establish a wholesale pricing regime for the sector and tighten rules for the fuel contracts between the major suppliers and other distributors.The Fuel Market Bill currently being drafted will establish a system of terminal gate pricing, similar to that used in Austral...

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