The latest analysis of fuel monitoring data by the Commerce Commission showed retailers are quick to increase fuel prices when costs went up, but slower to bring prices down when global oil prices fall or exchange rate changes reduce costs.
The Commission said motorists would benefit by "around $15 million a year" if fuel companies were to drop prices as quickly as they increased them when costs increase.
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The Commission said motorists would benefit by "around $15 million a year" if fuel companies were to drop prices as quickly as they increased them when costs increase.
-
Due to the immense volume of comments 1News videos attract, we've made the decision to hold all comments for review, and in some cases, turn them off entirely.
1News is a media outlet based in New Zealand, and could potentially be liable for any comments that defame others or breach New Zealand law. Our content receives thousands of comments each day, and we lack the capacity to moderate that volume without holding comments for review.
This decision ensures that our platform remains a safe and compliant space for all viewers. We appreciate your understanding and continued support.
-
Subscribe to 1News: www.bit.ly/1NewsYouTube | For the latest news from Aotearoa and overseas: https://www.1News.co.nz
This is the official channel of TVNZ's 1News, where we deliver the latest news, in-depth journalism and expert analysis from reporters you can trust. Subscribe for news and current affairs reports from 1News, Seven Sharp, Breakfast, and Q+A.
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