Parliament

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

 

What has happened to the price of diesel?

Gordon Copeland Press

Monday, 12th May 2008

What has happened to the price of diesel?

Independent MP Gordon Copeland, the Kiwi Party spokesperson on Commerce, today questioned why the price of diesel in New Zealand has increased twice as fast as the cost of petrol since the first quarter of 2007.

"Although the price of unleaded petrol during that period has soared 32.8% to a price of $1.889 per litre, the price of diesel has skyrocketed by a whopping 65.5% over the same period to $1.569 per litre," said Mr Copeland.

"As a result, although diesel was just two thirds the price of 91-unleaded petrol in the March 2007 quarter, it is now 83% of that price. Diesel users need an explanation and the Government may need to look again at the current level of road user charges which diesel customers pay in addition to the price at the pump."

"More importantly, all of us need to know what is happening here since diesel powers the transportation of goods on trucks and trains. The higher cost thus flows through into retail prices, drives up inflation and constrains the Reserve Bank's ability to lower interest rates."

"We need an immediate explanation from the oil companies."

Gordon Copeland last week revealed that he has asked Parliament's Commerce Committee to conduct an Inquiry into the current level of petrol and diesel prices in New Zealand and reiterated that call today.

"The current situation is completely unacceptable. We need to have a transparent, open system which explains, in layman's terms, why we are seeing such a fundamental shift in the price of diesel, relative to petrol."

Petrol and Diesel Price Comparisons Cents per litre Diesel 91 unleaded petrol Diesel as % of petrol March quarter 2007 94.8 142.3 66.6 March quarter 2008 125.5 171.6 73.1 9 May 2008 (in Wellington) 156.9 188.9 83.1

Increase between March quarter 2007 to May 2008 62.1 46.6 Percentage increase 65.5% 32.7%

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Another Leader Exiting: Statement From Peter Dunne

I have concluded, based on recent polling, and other soundings I have been taking over the last few weeks, that, the volatility and uncertainty notwithstanding, there is now a mood amongst Ōhāriu voters for a change of MP, which is unlikely to alter...

“I have therefore decided that it is time for me to stand aside, so the people of Ōhāriu can elect a new electorate MP. More>>

 

Gordon Campbell: On Labour’s Campaign Launch

One of the key motifs of Ardern’s speech was her repeated use of the phrase – “Now, what?” Cleverly, that looks like being Labour’s response to National’s ‘steady as it goes’ warning against not putting the economic ‘gains’ at risk. More>>

ALSO:

Lyndon Hood: Social Welfare, Explained

Speaking as someone who has seen better times and nowadays mostly operates by being really annoying and humiliating to deal with, I have some fellow feeling with the current system, so I’ll take this chance to set a few things straight.. More>>

ALSO:

Deregistered: Independent Board Decision On Family First

The Board considers that Family First has a purpose to promote its own particular views about marriage and the traditional family that cannot be determined to be for the public benefit in a way previously accepted as charitable... More>>

ALSO:

Transport Policies: Nats' New $10.5bn Roads Of National Significance

National is committing to the next generation of Roads of National Significance, National Party Transport Spokesperson Simon Bridges says. More>>

ALSO:

Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>

ALSO:

Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>

ALSO:

Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>

ALSO:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election