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

 

Auckland’s double petrol rise hits freight hard

Auckland’s double petrol rise hits freight hard - has Government thought this through?

Every cent of the 23.5c a litre increase represents more costs that freight and other businesses will likely pass on to customers, adding millions of dollars to the price of goods & services and ultimately adding to inflation.

Michael Barnett, head of the Auckland Business Chamber was responding to the Government announcement that it plans petrol tax hikes of 9c to 12c a litre phased in over the next three years on top of a regional petrol tax of 11.5c a litres planned by Auckland Council.

“I am aware of three mid-sized freight companies that will collectively face petrol price increases of around $1 million per annum,” says Barnett.

“Other businesses are telling me a similar story, and making the point that tight margins means that every cent will get passed on.”

“People understand that Auckland transport congestion needs a dramatic fix and time is running out – but is this the best way?”

Barnett says that early reactions suggests most people believe it isn’t the best way.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Up $1.20: $17.70 Minimum Wage Next Year

Coalition Government signals how it will move toward its goal of a $20 p/h minimum wage by 2021... “Today we are announcing that the minimum wage will increase to $17.70 an hour on 1 April 2019." More>>

ALSO:

Reserve Bank: Capital Proposals Are 'Radical', Says Fitch

International credit rating agency Fitch says the Reserve Bank's proposals for increased bank capital adequacy ratios are "radical" and "highly conservative relative to international peers", but the result will ultimately be "significantly stronger buffers" against financial system shocks. More>>

ALSO:

Regions And Skills: Work Visa Proposals 'Step In The Right Direction'

Immigration Minister Iain Lees-Galloway announced yesterday that the Government is consulting on proposed changes to employer-assisted temporary work visa settings to ensure that work visas issued reflect genuine regional skill shortages. More>>

ALSO:

Long Commutes: Hamilton To Auckland Passenger Rail Trial Gets Green Light

The NZ Transport Agency Board has approved a business case for the next steps in a start-up trial Hamilton to Auckland passenger rail service, Transport Minister Phil Twyford announced. More>>

ALSO:

Working Group Update: Mycoplasma Bovis Eradication Making Substantial Progress

International experts are impressed by New Zealand’s efforts to eradicate the cattle disease Mycoplasma bovis and are more confident the campaign is working... More>>

ALSO:

Immigration: Arrest For Human Trafficking And Slavery

It is alleged that the man, who is a Samoan national and New Zealand resident, has been regularly bringing Samoan nationals to New Zealand to work illegally for him in the horticultural industry. More>>

ALSO: