Z Energy forecasts strong fuel sales for years to come

Z says petrol demand will remain strong. (Image: supplied)

Wed, 28 Jul 2021

Z Energy believes its core fuel business will remain strong for more than a decade despite moves to decarbonise the economy.The company’s presentation to investors today was heavily focused on its prospects in the face of the need to end the use of internal combustion engine (ICE) vehicles to meet the government’s zero carbon by 2050 goal.Z believes the Climate Change Commission’s (CCC) forecasts on electric vehicles uptake are optimistic and overstates fuel demand decline. It believes electric vehicles (EVs) for the light fle...

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