News | Business
22 Feb 2026 7:28
| 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
     21 Feb: Two dogs have been impounded by Christchurch Council Animal Management officers and three people are in hospital after an attack in the North West
     21 Feb: A economist says New Zealanders appear to have gotten a spending hangover
     21 Feb: Work by dozens of artists is being showcased on Auckland's waterfront today
     21 Feb: Central Otago is today moving to a prohibited fire season
     20 Feb: Hopes are lifting among Auckland businesses for the economic recovery
     20 Feb: Fonterra is raising its forecast payout to farmers, following the latest rise in global dairy prices
     20 Feb: Fonterra's announced an extra dividend for farmers - as it pushes ahead with the sale of its consumer arm
     Top Stories

    RUGBY RUGBY
    It's a Super Rugby "rinse and repeat' moment for Highlanders coach Jamie Joseph More...

    BUSINESS BUSINESS
    Two dogs have been impounded by Christchurch Council Animal Management officers and three people are in hospital after an attack in the North West More...


     Today's News

    		 Motoring:
    Australian driver Anton De Pasquale has fended off a hard-chasing Brodie Kostecki to win the 52-lap Sydney 500 and claim his first Supercars win since 2023 7:17

     Entertainment:
    Tom Noonan has died aged 74 7:17

     General:
    Danielle Scott, Cooper Woods named as Winter Olympic Games closing ceremony flag-bearers 7:07

     Entertainment:
    Logan Paul would "love" to wrestle Bad Bunny 6:47

     Entertainment:
    Jax Taylor is "the healthiest he's ever been" 6:17

     Auckland:
    A e-bike rider is in hospital after crashing in central Auckland this evening 21:56

     Entertainment:
    Hilary Duff "just felt really ready to share" when she returned to the music business 21:47

     Entertainment:
    Zendaya has learned that "so much of life is loss" 21:17

     Auckland:
    A car has flipped after hitting a parked car in Auckland's Hillsborough this evening 21:16

     International:
    I had a miscarriage over the summer. It was nothing like I expected 21:07

     News Search




    Power Search

    © 2026 New Zealand City Ltd