Photo: ODT filesThe Commerce Commission has recommended changes to New Zealand's fuel market to increase competition and benefit consumers. The competition watchdog has completed its year-long market study of fuel retailers, carried out at the request of the government because of concerns motorists are being fleeced at the pumps. The Commission believes the core problem is that an active wholesale market for fuel does not exist in New Zealand. It has made a series of interdependent recommendations to improve competition, mainly targeted at creating an effective wholesale market. These include regulations to require retailers to display premium fuel prices on price boards and fuel cap stickers to help consumers understand what grade of fuel their vehicle requires.

Source: Otago Daily Times December 04, 2019 19:52 UTC