Photo: ODT filesGovernment ministers say they will act "swiftly" to break supply dominance of big fuel companies with measures to improve competitiveness and transparency in the retail fuel market. The Commerce Commission has recommended major petrol suppliers face a wholesale pricing regime and have their supply contracts regulated in order to improve competition in the wholesale fuel market. "A more competitive wholesale market means that low cost brands, like Waitomo and NPD, would be able to access cheaper fuel and pass these benefits onto consumers. "In our view, the core problem is that an active wholesale market does not exist in New Zealand. "There is a reduced ability for importers to compete for customers of the majors and for distributors and dealers to obtain competitive wholesale supply terms."

Source: Otago Daily Times December 04, 2019 23:37 UTC