News | Business
30 Jan 2026 13:47
| outlook hotmail | yahoo mail | gmail | news | weather | finance | shopping | about nzcity | Search |
NZCity News
NZCity CalculatorReturn to NZCity
SEARCH 

  • Start Page
  • Personalise
    •    News
  • Sport
  • Weather
  • Finance
  • 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


    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.

    © 2026 Newstalk ZB, NZCity

     Other Business News
     30 Jan: The US wants to control Venezuela's finances. These armed groups could make it difficult
     30 Jan: Insurers are getting increasingly sophisticated about where they offer cover - particularly in areas most affected by climate risks
     30 Jan: A potential lesson for all retailers - from the Lululemon leggings saga
     30 Jan: Live updates: ASX to rise as Elon Musk mulls merging Grok and SpaceX
     30 Jan: Missing out on a spot at the airport is largely to blame for a Wellington taxi company's failure
     29 Jan: The Finance Minister says education will always be a worthwhile investment - as the Government announces two new specialist schools
     29 Jan: New Zealand export values have been surging
     Top Stories

    RUGBY RUGBY
    Former All Blacks coach John Mitchell will remain a thorn in the side of the Black Ferns More...

    BUSINESS BUSINESS
    The US wants to control Venezuela's finances. These armed groups could make it difficult More...


     Today's News

    		 Entertainment:
    Eric Dane missed an awards show due to the "physical realities" of having ALS 13:31

     Rugby:
    Former All Blacks coach John Mitchell will remain a thorn in the side of the Black Ferns 13:27

     Business:
    The US wants to control Venezuela's finances. These armed groups could make it difficult 13:17

     Cricket:
    A late addition to the New Zealand men's cricket squad for the T20 World Cup 13:07

     National:
    With Iran weakened, Trump’s end goal may now be regime change. It’s an incredibly risky gamble 13:07

     Entertainment:
    Zendaya has admitted Tom Holland is her "favourite" co-star 13:01

     Business:
    Insurers are getting increasingly sophisticated about where they offer cover - particularly in areas most affected by climate risks 12:57

     Rugby:
    This year's first Super Rugby Pacific pre-season matches take place across New Zealand this afternoon 12:57

     Entertainment:
    Brooklyn Beckham's ex-girlfriend has insisted he has always found life with his famous family "challenging" 12:31

     International:
    Trump tariffs could 'isolate' the US and create new trading blocs 12:16

     News Search




    Power Search

    © 2026 New Zealand City Ltd