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27 Apr 2024 5:12
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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.

    © 2024 Newstalk ZB, NZCity

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     Today's News

    		 Politics:
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     Business:
    Pressure's on the Government to deliver for people come Budget day 4:37

     Law and Order:
    25 years after the murder of BBC presenter Jill Dando on her front doorstep, unanswered questions remain 21:47

     Environment:
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     Rugby:
    The Chiefs are preparing for a tough physical match-up, when they take on the Waratahs in Sydney 18:57

     Rugby:
    The Chiefs are confident they'll be able to get a result in Sydney tonight without captain Luke Jacobson 18:37

     Rugby:
    Confidence from the Crusaders coach, heading into tonight's must-win home game against the Melbourne Rebels in Christchurch 17:27

     Law and Order:
    Rose McGowan, Ashley Judd and others react to the overturning of Harvey Weinstein's 2020 rape conviction 17:27

     Environment:
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     Rugby:
    The Crusaders coach isn't mincing his words about the Super Rugby Pacific champions' situation 16:58

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