Tuesday, 9th October, 2018

The tipping point for fuel consumers has been the blunt and ineffective fuel taxes imposed by local and central government.

The margins identified by media today are less than most retailers would seek and have not changed.

It is worth noting:

  • The major fuel companies welcome the proposed investigation from the Commerce Commission
  • Of the 1,500 service stations in New Zealand, over 1200 are mum and dad running their small businesses, employing people and trying to make a profit. They deserve a return on the risk
  • There are 20% more fuel providers than 5 years ago – does this signal a lack of competition?

The currency and additional Government taxes have created a price point consumers find unacceptable.

 

For more information contact Michael Barnett, mobile: 0275 631 150.
Michael Barnett, Chief Executive, Auckland Business Chamber.