PM Ardern says BP pricing reinforces need for ComCom market studies

Mon, 30 Apr 2018

By Paul McBeth April 30 (BusinessDesk) - Prime Minister Jacinda Ardern wants to hear BP New Zealand Holdings' explanation about plans to raise prices in several provincial areas to protect sales in another but says the tactics underpin the need for greater investigative powers by the Commerce Commission. An internal BP New Zealand emailed leaked to Stuff showed the local subsidiary of global oil giant BP would raise petrol prices in Paraparaumu, Kapiti and Levin in the hope its competitors would match those prices, and reduce the price g...

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