Have Your Say On The Fuel Industry Bill
The Finance and Expenditure Committee is calling for submissions on the Fuel Industry Bill. The committee is required to report back to the House by Tuesday, 21 July 2020.
The purpose of this bill is to promote greater competition in the fuel market at the wholesale level, which is intended to result in lower prices for consumers. The bill would implement the recommendations from the Commerce Commission’s study into the fuel market. The Commission’s report found that consumers were paying higher prices for fuel than could be expected in a competitive market.