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

 


Government Monitoring Rising Petrol Prices

MEDIA RELEASE
August 12, 1999

Government Monitoring Rising Petrol Prices

The Government, through the Ministry of Commerce, is keeping a close eye on petrol price movements and will continue to do so, Enterprise and Commerce Minister Max Bradford said today.

"Internationally, petrol prices have risen significantly in recent months. For example, the price of bulk cargoes of petrol from Singapore rose from around NZ16 cents per litre to 24 cents per litre between February and July this year.

"About one-third of New Zealand's petrol is imported, with much of this coming from Singapore. Further, with an open market, petrol from New Zealand's own refinery is priced according to movements in world markets.

"Because of this, the New Zealand motorist can expect to see pump prices following movements in the world market," Mr Bradford said.

Mr Bradford said as all oil companies were operating in the same world market, it was not surprising that if their costs all increased at the same time and by the same amount, that their retail prices would closely follow one another.

"Earlier this year world prices were low and the motorist was able to take advantage of low prices here in New Zealand," Mr Bradford said.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>

ALSO:

Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>

ALSO:

More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>

ALSO:

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news