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

 

MIA Welcomes Fuel Specification Review

MIA Welcomes Government Announcement on Fuel Specification Review

Perry Kerr, Chief Executive Officer of the Motor Industry Association (MIA), which represents new car distributors, said that the Association and members welcomed today’s announcement by the Government of the proposed changes to the Petroleum Products Specifications Regulations.

Mr Kerr said that members were particularly happy with the decision to reduce the sulphur content of diesel down to 500 parts per million (ppm) from August 2004 and then to 50 ppm from 2006 with a further review to lowering this down to 10-15 ppm by no later than 2009-2010. This aligns the NZ diesel fuel with international requirements and will allow MIA members to import vehicles with the latest emission and fuel efficiency technology. Mr Kerr said as a result of this announcement one member has confidently advised that they will now move to fit emission equipment to their full range of heavy vehicles.

Mr Kerr went on to say that the only disappointing aspect of the review was that the sulphur level for unleaded 91 petrol was not lowered to 50 ppm in line with the Marsden Point Oil Refinery production. By having a higher limit, oil companies could import higher sulphur petrol for distribution. He went on to say that he hoped that the oil companies would not do this.

Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Dump Levy Options: Waste Work Programme Announced

Associate Environment Minister Eugenie Sage has announced a programme of work to take action on New Zealand’s long-neglected waste problems. More>>

ALSO:

Real Estate: Foreign Buyers Ban Passes Third Reading

The Bill to put in place the Government’s policy of banning overseas buyers of existing homes has passed its third and final reading in the House. More>>

ALSO:

Nine Merger: Fairfax Slashes Value Of NZ Business

Fairfax Media Group more than halved the value of its Kiwi assets, attaching just A$40 million to mastheads that were once the core of a billion dollar investment. More>>

Collecting Scalpers: Commerce Commission To Sue Viagogo

The Commission will claim that Viagogo made false or misleading representations: • that it was an “official” seller, when it was not • that tickets were limited or about to sell out • that consumers were “guaranteed” to receive valid tickets for their event • about the price of tickets... More>>

ALSO:

Price Of Cheese: Fonterra CEO Goes Early After Milk Price Trimmed

Aug. 15 (BusinessDesk) - Fonterra Cooperative Group chief executive Theo Spierings is leaving the role early after the world's biggest dairy exporter lowered its farmgate payout and trimmed its dividend to retain cash. More>>

ALSO: