UPDATE: Govt confirms petrol price inquiry as pump prices fall

Mon, 03 Dec 2018

(adds PM comments and reorders first six paragraphs accordingly) By Pattrick Smellie Dec. 3 (BusinessDesk) - The government wants to be "ready to go" with a policy response to its inaugural 'market study' into the retail fuel market as soon as the report emerges in a year's time, says Prime Minister Jacinda Ardern. The study will be the first to be conducted by the competition watchdog, the Commerce Commission, since Parliament gave it new powers to conduct studies into markets where the government is concerned they are insufficiently...

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