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3 Mar 2026 10:10
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      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

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     02 Mar: Foodstuffs is again trying to bring its North and South Island operations under one roof - after failing two years ago
     02 Mar: Wellington's mayor says the Council is not looking at compensating businesses on the wastewater plagued-southern coast
     02 Mar: Job numbers are rising again - but are still down on a year ago
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    RUGBY RUGBY
    The Crusaders are set to be without prop Tamaiti Williams for the upcoming rounds of Super Rugby Pacific More...

    BUSINESS BUSINESS
    Holes are being poked in an economic report claiming 383-million dollars would be generated for the economy from sand mining at Northland's Bream Bay More...


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