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

 

Business welcomes Waitomo’s arrival in Wellington City


Businesses will welcome today’s opening in Wellington City of fuel cost-cutter Waitomo’s second site in the region, says Business Central.

"This is further good news because competition is always good for any market, and particularly when it involves a disrupting company like Waitomo," says Chief Executive John Milford.

"It’s particularly good when it comes to a place like Wellington that has been paying some of the highest prices in the country.

"Their presence tends to force down the prices offered by nearby competitors, and that has proved to be the case since they opened in Upper Hutt six weeks ago, where prices have been down as low as 20c across all brands.

"Yesterday, fuel prices there were up to 16c per litre lower than in Wellington, and I believe Waitomo will have the same effect after they open today on Hutt Road.

"It’s good news for businesses that rely on transport to move goods, especially coming a day after the Government’s 3.5c tax rise."

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

$7.5 Billion Surplus: Government Accounts "Show Strong Economy"

“The surplus and low levels of debt show the economy is in good shape. This allows the Government to spend more on infrastructure and make record investments in health and education,” Grant Robertson says. More>>

ALSO:

New OIO Application Trumps Judicial Review: OceanaGold Cleared To Buy Land For Waihi Tailings Expansion

In a surprise turnaround, the government has given OceanaGold a greenlight to buy land to expand its Waihi mine after the application was previously turned down by Land Information Minister Eugenie Sage. More>>

ALSO:

Christchurch Rebuild: Fletcher Sued For $7.5m Over Justice Precinct

Fletcher Building is being sued for $7.5 million by utilities contractor Electrix, one of the subcontractors on the Christchurch Justice and Emergency Services Precinct. More>>

Three New Drugs: PHARMAC Signs Bundle Deal For More Cancer Medicines

420 New Zealanders with lung cancer, breast cancer, multiple sclerosis and respiratory disease will benefit each year from a bundle deal PHARMAC has finalised with a medicine supplier. More>>

ALSO:

"Levels Playing Field": Government Responds To Electricity Price Review

The changes announced today include: • Supporting new and independent retailers by requiring the big power companies to sell into the wholesale market at affordable rates. • Extending discount rates to all customers • A pilot scheme to help customers who have not switched power providers before to shop around for better deals... More>>

ALSO: