No increase in petrol margins, Z Energy says to PM's attack

Mon, 08 Oct 2018

By Pattrick Smellie Oct. 9 (BusinessDesk) - Z Energy has had no increase in its petrol margins over the past year and Prime Minister Jacinda Ardern's attack on petrol retailers' pricing is "inconsistent with Z's own experience," chief executive Mike Bennetts says. He was speaking to BusinessDesk after Ardern claimed New Zealand motorists were being "fleeced" because of evidence she said showed petrol price margins had blown out at the same time as higher international oil prices and a new government regional fuel tax had raised prices to...

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