The Commerce Commission in New Zealand is asking major fuel companies to explain why some towns and cities have significantly higher retail fuel pric
The Commerce Commission in New Zealand is asking major fuel companies to explain why some towns and cities have significantly higher retail fuel prices than others. The commission’s latest report into fuel pricing revealed a price difference of 52 cents per liter for regular 91 gasoline in Auckland between the cheapest and most expensive retailers. The commission is seeking explanations for these disparities, as there are no clear underlying factors to account for them. While the commission can take action against anti-competitive behavior, it cannot impose regulated pricing in the retail market. Fuel retailers, including BP, Mobil, and Z Energy, have responded by stating that variations in petrol prices are due to local competition and factors such as regional competition, and they review prices daily.
