Fresh concerns about NZ fuel market competitiveness123RF Fuel prices had already become a highly political topic, but government officials have described recent changes in behaviour as "highly unusual", raising questions about the competitiveness of the market. Government officials are raising fresh concerns about the competitiveness of the fuel market, saying industry claims would amount to "highly unusual" behaviour. After Energy Minister Judith Collins put the fuel industry on notice that it was under close scrutiny on Thursday, petrol companies claimed margins had not changed in the way that official figures suggested. After Collins accused the industry of "cynical" behaviour, Z Energy - which also supplies the Caltex network - hit back at the MBIE figures, which are provisional. "It raises questions around the timing of these price changes and the overall competitiveness of the market."

Source: Stuff September 11, 2017 03:56 UTC