Top ministers, including Prime Minister Jacinda Ardern, are confident changes to the fuel market would "break the stranglehold" major fuel companies have in New Zealand. The Commerce Commission today recommended major petrol suppliers will need to change how the wholesale fuel supply market works, in order to improve competition. This, he told media this morning, would, in turn, drive down petrol prices. Despite wanting to see petrol prices fall as soon as possible, he said any reductions to fuel taxes were not on the table. National transport spokesman Chris Bishop said the Government was squarely to blame for New Zealand's high petrol prices.

Source: Otago Daily Times December 05, 2019 01:30 UTC