End of refining will have little impact on petrol prices: Z Energy

End of refining will have little impact on petrol prices: Z Energy
Z Energy says it will become more competitive with the end of oil refining in NZ (Image: Getty)
Ian Llewellyn
The end of oil refining in New Zealand will not have any material impact on petrol prices or energy security, Z Energy says.The country’s largest fuel retailer was one of Refining NZ’s shareholders that overwhelmingly voted in favour of it moving to an import only terminal.Barring exceptional events such as a reversal in the board’s thinking or Refining NZ’s bankers not supporting the change, the move to end refining will begin in mid-2022.Z corporate affairs manager Matt Hardwick said motorists and other customers were...

More Policy

Apprenticeships to be moved to new industry skills boards
Policy

Apprenticeships to be moved to new industry skills boards

Vocational Education Minister says new training model will help build skills.

Maria Slade 24 Apr 2025
Ministry of Justice seeks market feedback on courthouse PPPs
Policy

Ministry of Justice seeks market feedback on courthouse PPPs

Want to build and maintain three courthouses for 25 years? Now's your chance.

Oliver Lewis 24 Apr 2025
Foreign investors show ‘increased interest’ in NZ
Policy

Foreign investors show ‘increased interest’ in NZ

Pension funds are reportedly cooling on the US. Could NZ stand to benefit?

Oliver Lewis 22 Apr 2025
Rise in liquidations compounded by IRD crackdown
Economy

Rise in liquidations compounded by IRD crackdown

The IRD filed two-thirds of creditor applications in the March quarter.

Gregor Thompson 22 Apr 2025