Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Possible Sale Of Challenge Network Concerns AA

The Automobile Association says the Commerce Commission must ensure that motorists are not the losers if the Challenge service station network is sold as part of the divestment of Fletcher Challenge Energy assets.

“We are concerned about what effects the possible disappearance of Challenge might have on future pump prices,” the Association’s Director of Public Affairs, George Fairbairn, said today.

“There is no doubt the arrival of the Challenge network in April 1998 was a huge shot in the arm for competition in the New Zealand oil industry.

“Everywhere Challenge opened a new station, its aggressive pricing forced its competitors to follow suit. For the first time motorists enjoyed the price benefits that had been promised, when the oil industry was deregulated ten years earlier.

“After a year of regular price increases motorists tend to forget the gains that the new players brought. However, I am certain that if Challenge, and more recently Gull, had not entered the marketplace our pump prices could well be much higher today than they are.

“The benefits of increased competition must not be lost as a result of the sale process.”
ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>

ALSO:

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>

ALSO:

Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>

ALSO:

CO2 And Water: Fonterra (And Dairy NZ)'s Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>

ALSO:

Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>

ALSO:

 
 
 
 
 
 
 
 
  • Bill Bennett on Tech