Beware politicising petrol prices, MPs warned

Petrol prices are a "bread and butter" issue. (Image: Getty)

Thu, 02 Feb 2023

The BusinessNZ Energy Council is urging politicians to beware of politicising petrol prices if they give the green light to regulating the wholesale market if it looks like participants aren’t playing fair. Parliament’s economic development, science and innovation select committee is considering submissions on the Fuel Industry Amendment Bill which, if passed, will introduce regulatory powers to set prices for up to 10 years if wholesale suppliers aren’t acting in a competitive manner. The bill goes a step further th...

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