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8 Nov 2024 7:39
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      Home > News > Business

    Fuel businesses could face penalties of up to five-million dollars - if they fail to follow incoming new regulations

    Fuel businesses could face penalties of up to five-million dollars - if they fail to follow incoming new regulations


    The rules, coming into force in stages from August 11th, include a requirement for wholesale fuel suppliers to publish a spot price at fuel storage terminals.

    It's designed to protect consumers.

    Commerce Commission Chair, Anna Rawlings, says they are engaging with the industry ahead of the changes.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     07 Nov: A third Christchurch-based bid for an NRL franchise license has been launched, valued at 360 million dollars
     07 Nov: Crowded Kiwis households are getting more common
     07 Nov: The Reserve Bank is still optimistic, with crises at home and abroad
     07 Nov: Concerns about the number of young people currently out of a job
     07 Nov: While there are signs of light at the end of the economic tunnel, the job market is likely to remain tough for a little while yet
     07 Nov: The Finance Minister says the latest unemployment figures aren't the best indicator for the state of the economy
     07 Nov: The latest rise in the unemployment rate may not tell the full story
     Top Stories

    RUGBY RUGBY
    All Blacks centre Rieko Ioane is keen to move on from a feud with retired Ireland first-five Johnny Sexton, as the sides prepare for a re-match after last year's World Cup rugby quarter-final More...

    BUSINESS BUSINESS
    A third Christchurch-based bid for an NRL franchise license has been launched, valued at 360 million dollars More...


     Today's News

    		 Rugby:
    All Blacks centre Rieko Ioane is keen to move on from a feud with retired Ireland first-five Johnny Sexton, as the sides prepare for a re-match after last year's World Cup rugby quarter-final 7:27

     Entertainment:
    Queen Camilla has pulled out of engagements this week after falling ill with a chest infection 7:25

     Health & Safety:
    Researcher says support for people with Coeliac disease appears to be missing the mark 7:17

     Entertainment:
    Dame Maggie Smith was laid to rest at a private funeral in Richmond on Monday (04.11.24) 6:55

     Entertainment:
    Dame Kristin Scott Thomas has confirmed her wedding to John Micklethwait 6:25

     Law and Order:
    Police believe a barefoot cyclist could hold answers to a suspicious fire in Lower Hutt 4:57

     Law and Order:
    Three people are due in court today, charged with the kidnapping and manslaughter of a woman whose body was found in a bag at Auckland's Gulf Harbour 4:37

     Motoring:
    In basketball's NBA, the Cleveland Cavaliers have set a franchise record in going unbeaten through their first nine games of the season, after downing the Pelicans on the road 21:57

     Entertainment:
    Dolly Parton wants the royal family to visit Dollywood 21:55

     Entertainment:
    Sarah, Duchess of York and her daughters Princesses Beatrice and Eugenie call themselves "the tripod" 21:25

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