Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Gull's success proves petrol prices are too high

Deputy Prime Minister Jim Anderton met with Gull Petroleum today and wants to know why the major petrol companies can't deliver the lower prices they do in areas around Gull services stations to the rest of the country.

"I met with Gull because I wanted to know why the major petrol companies can afford to sell petrol up to 5 cents a litre cheaper around Gull stations than they do in the rest of the country," Deputy Prime Minister Jim Anderton said.

"I have been told by the major petrol companies that they did not know how Gull could afford such low prices and still be profitable. Gull has told me that despite tough competition from the major petrol companies they are profitable and are looking to expand in New Zealand.

"If it is profitable for one small petrol company to sell petrol at 5 cents less than its competitors sell it across the rest of New Zealand, the major petrol companies must be able to supply petrol more cheaply elsewhere.

"It seems that the major petrol companies are prepared to aggressively compete with Gull but not amongst themselves.

"In Australia the government until recently published a benchmark price for petrol in each region based on reasonable costs to import refine and distribute petrol.

"This independent benchmark was not a compulsory price setting mechanism but it greatly aided the debate on petrol prices. A similar scheme may work here. I will take up that issue with my coalition government colleagues.

"I am also concerned at the large regional differential for petrol prices across the country. It seems that the major petrol companies are charging more in the regions not just because of lower volumes but because they feel regions are 'prepared' to pay higher prices for petrol.

"An independent benchmark for petrol prices may help to bring some rationality to petrol prices across the regions as well," Jim Anderton said.

Enquiries Steven Collett (04) 471 9289 (021) 626 303

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Commerce Commission: Retail Fuel "Not As Competitive As It Could Be"

The Commission has outlined some options it considers could improve competition. There are two broad sets of options it thinks may have the potential to help create a competitive wholesale market. These are:

• Greater contractual freedom to make it easier for resellers to switch between suppliers; and
• Enabling wider participation in the majors’ joint infrastructure, notably the shared terminals and supporting logistics involved in their borrow-and-loan system.
Further options, including improving the transparency of premium petrol prices, are discussed in the draft report. More>>

 

Promises: Independent Election Policy Costing Unit A Step Closer

The creation of an entity to provide political parties with independent and non-partisan policy costings is a step closer today, according to Finance Minister Grant Robertson and Associate Finance Minister James Shaw. More>>

ALSO:

School's In: Primary And Intermediate Principals Accept New Offer

Primary and intermediate school principals have voted to accept a new settlement from the Ministry of Education, which includes entrenched pay parity with secondary principals. More>>

ALSO:

IPCA On 'Rawshark' Investigation: Multiple Police Failings In Hager Searches Confirmed

The Independent Police Conduct Authority has found that the Police's unlawful search of Nicky Hager's property in October 2014 resulted from an unwitting neglect of duty and did not amount to misconduct by any individual officer... More>>

ALSO:

Broadcasting Standards: Decisions On Coverage Of Mosque Attacks

The Authority upheld one of these complaints, finding that the use of extensive excerpts from the alleged attacker’s livestream video on Sky News New Zealand had the potential to cause significant distress to audiences in New Zealand, and particularly to the family and friends of victims, and the wider Muslim community. More>>

PM's Post-Cab: Bad Mail

Cabinet was updated on the process around prisoners sending mail, following the accused Christchurch gunman sending letters that "should have been stopped". All mail of "high concern prisoners" will now be checked by a specialist team and a changes to the legal criteria for witholding mail are expecting to go to a cabinet committee in this parliamentary session. More>>

Welfare: Ongoing Drug-Test Sanctions Contradicts Govt’s Rhetoric

Reports that two-thirds of beneficiaries who fail drug tests are still having their benefit sanctioned contradicts the Government’s so-called health approach to drugs. More>>

ALSO:

Welfare: More Measures To Help Those Facing Homelessness

Ministers have announced $54 million in Government funding for initiatives which will support at-risk individuals and whānau to stay in their existing tenancies. The funding will also provide additional wrap around services. More>>

ALSO:

Corrections: New Strategy On Māori Reoffending And imprisonment

Authentic co-design with Māori, incorporating a Te Ao Māori worldview, and greater connectedness with whānau are key elements of Hōkai Rangi, Corrections’ new departmental strategy designed to address the long-term challenge of Māori reoffending and imprisonment. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels