UPDATE: Lack of fuel competition may be costing $400m annually - ComCom

Tue, 20 Aug 2019

(Adds comment from Z Energy from 16th paragraph. Updates shares.) By Gavin Evans Aug. 20 (BusinessDesk) - The country’s fuel retailers may be earning close to $400 million a year in excess returns, and few expect any reduction in profitability any time soon, the Commerce Commission says. An analysis of the capital employed by the firms showed their average returns have consistently exceeded the commission’s estimate of their weighted average cost of capital since Shell sold its local business in 2010. The regulator says the New Zeal...

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