NZ petrol market 'may not' be competitive, margins higher in Wellington, South Island, study finds

Mon, 03 Jul 2017

By Sophie Boot July 4 (BusinessDesk) - New Zealand's fuel market "may not be consistent with a workably competitive market" with retail margins increasing over the past five years while more expensive petrol in the South Island and Wellington aren't explained by higher costs in those areas, a government-commissioned study has found. The report by three independent economic consultancies for the Ministry of Business, Innovation and Employment (MBIE) couldn't definitively say whether fuel prices are reasonable or not, as the major companies...

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