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3 Mar 2026 3:29
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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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     Today's News

    		 Business:
    The conflict in the Middle East has seen oil prices jump - and could mean higher costs at the pump 21:57

     Law and Order:
    Police are investigating an unexplained death in Whangarei, after a body was found this morning 21:17

     International:
    Weekend of war: Key moments from the first 48 hours of strikes in the Middle East 21:07

     Accident and Emergency:
    A man's been taken into custody after armed police attended a family harm callout in Waikato's Parawera, southeast of Te Awamutu 19:07

     Cricket:
    Black Caps coach Rob Walter is grateful their subcontinent travels at the T20 World Cup are not done yet 18:57

     Rugby:
    A new job for Kiwi rugby coach Wayne Pivac 18:37

     Living & Travel:
    Last total lunar eclipse until 2029 is coming tomorrow – don’t miss it 18:17

     International:
    Iran's next supreme leader may have been waiting for this moment to rise 18:17

     Rugby League:
    Warriors halfback Luke Metcalf has declared his comeback to the NRL on track but is refusing to narrow down a date 18:07

     National:
    Strait of Hormuz: if the Iran conflict shuts world’s most important oil chokepoint, global economic chaos could follow 18:07

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