Petrol price fleecing study likely to take at least a year

Thu, 29 Nov 2018

By Gavin Evans Nov. 29 (BusinessDesk) - Any investigation into whether petrol consumers are being fleeced is unlikely to be completed before the end of 2019. An amendment of the Commerce Act in late October gave the Commerce Commission the power to investigate competition in any particular market and it has been funded $1.5 million a year to carry out the work. Earlier the same month Prime Minister Jacinda Ardern said the legislation had been prioritised given concerns about the fuel market and her belief that motorists were being “fle...

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