News | Motoring
15 Jul 2024 19:56
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  •   Home > News > Motoring

    Commerce Commission analysis found fuel companies are costing motorists 15 million dollars a year by delaying drops in petrol prices

    Commerce Commission analysis found fuel companies are costing motorists 15 million dollars a year by delaying drops in petrol prices


    The report found retailers are quick to put prices up in response to increased costs but slow to bring them down again.

    AA principal policy advisor Terry Collins says for petrol companies this is a long term game.

    He says due to competition sometimes they can afford to cut prices and others -- they have to make up for it.

    © 2024 Newstalk ZB, NZCity

     Other Motoring News
     14 Jul: From tonight, State Highway 29 through the Kaimai Range will close for four nights
     14 Jul: Motorists are being warned of a four night road closure through the Kaimai Range starting tonight
     11 Jul: State Highway 1, between Picton and Blenheim, at Tuamarina's Bush Road has partly opened after a fatal crash
     11 Jul: Not quite a street, not quite a road – why ‘stroads’ are disasters of urban planning, and how to fix them
     11 Jul: One person has died and another's seriously injured after a two-truck crash near State Highway 1, between Picton and Blenheim, at Tuamarina's Bush Road
     10 Jul: Police are scolding South Island drivers after a spate of dangerous behaviour - including one person driving on the wrong side of the road
     10 Jul: The makeover of Christchurch's High Street has been completed
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