News | Business
23 May 2022 1:54
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • News
  • Sport
  • Weather
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Z Energy is rejecting claims that it's pocketing more profits from rising fuel prices

    Z Energy is rejecting claims that it's pocketing more profits from rising fuel prices

    25 January 2022
    New Zealanders are feeling the pain at the pump, with fuel prices the highest ever, and continuing to rise this summer.

    The Ministry of Business, Innovation and Employment has released data -- suggesting much of the price rise is due to fuel companies pocketing more profits.

    Z Energy Chief Executive Mike Bennetts says its margins rose just one-cent in the last three months, and the data is wrong.

    He says at times during that period, Z Energy was achieving ten cents a litre less than what MBIE claims.

    © 2022 Newstalk ZB, NZCity


     Other Business News
     22 May: Council of Trade Unions economist Craig Renney says the cost-of-living payment announced in the Budget targets the right people at the right time
     21 May: The Tourism Minister says New Zealand is getting closer and closer to reconnecting with the world
     21 May: Homes and businesses hit by a tornado in Levin yesterday are set to get help as the response and recovery phase kicks in
     21 May: The Crusaders have returned home in style, with a 61-3 crushing of the Fijian Drua, putting them in the box seat to take second spot in Super Rugby Pacific
     21 May: New Zealand red meat exports have hit just over 3-billion dollars during this year's first quarter
     20 May: It's hoped more competition will come about following the Government's war with the supermarket duopoly
     20 May: Praise for the Budget Boost for Whangarei Hospital
     Top Stories

    RUGBY RUGBY
    The Waratahs have kept their hopes of a home quarter-final in Super Rugby alive with a 32-20 win over the Highlanders in Dunedin More...


    BUSINESS BUSINESS
    Council of Trade Unions economist Craig Renney says the cost-of-living payment announced in the Budget targets the right people at the right time More...



     Today's News

    Politics:
    Deputy Prime Minister Grant Robertson's shared a touching tribute to former Labour MP, Joe Hawke 21:50

    Rugby:
    The Waratahs have kept their hopes of a home quarter-final in Super Rugby alive with a 32-20 win over the Highlanders in Dunedin 21:20

    Entertainment:
    Chris Brown appears to have congratulated Rihanna on giving birth 20:41

    Entertainment:
    Rebel Wilson has claimed she was harassed by a male co-star 20:11

    International:
    How Labor won 19:50

    Entertainment:
    Kourtney Kardashian is "not stressed" about her wedding to Travis Barker 19:41

    Entertainment:
    David Krumholtz thinks that Amber Heard is a "victim of abuse" 19:11

    Politics:
    National Maori authority Chair Matthew Tukaki remembers Joe Hawke as a battler for Maori rights 19:00

    Entertainment:
    Brian Austin Green lost 20lbs after suffering bowel disease 18:41

    Business:
    Council of Trade Unions economist Craig Renney says the cost-of-living payment announced in the Budget targets the right people at the right time 18:30


     News Search






    Power Search


    © 2022 New Zealand City Ltd