News | Business
29 May 2022 13:57
| 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.

    © 2022 Newstalk ZB, NZCity

     Other Business News
     29 May: Pain at the pump is only set to get worse - as the cost of importing fuel hits a record high
     29 May: The Blues are all business as they head into the Super Rugby Pacific playoffs as top seed, and unbeaten in their last 13 games
     27 May: Chemicals maker DGL has announced it will delist from the NZX next month ... and retain a sole listing on the Australian Stock Exchange
     27 May: Dairy owners say six million dollars to stop ram raids is too little too late
     27 May: Disagreement between National and the construction industry, over the pressures facing the industry
     27 May: A Wellington City Councillor says it's impossible to say no to the 37-million dollars more needed to strengthen the town hall
     26 May: Hopes new measures will prevent ramraids
     Top Stories

    RUGBY RUGBY
    The Blues are all business as they head into the Super Rugby Pacific playoffs as top seed, and unbeaten in their last 13 games More...

    BUSINESS BUSINESS
    Pain at the pump is only set to get worse - as the cost of importing fuel hits a record high More...


     Today's News

    		 Basketball:
    NBL champion and Tall Blacks power forward Tom Vodanovich is returning to the Breakers after playing for the Sydney Kings the last two years 13:30

     International:
    Baby formula shortage stings US as Australian company ships millions of cans to States 13:10

     Law and Order:
    Investigations are underway after what's understood to be yet another gang-related shooting in Auckland 13:10

     Auckland:
    One person has died after a car crashed into a tree in Auckland's west 12:30

     Rugby League:
    Warriors coach Nathan Brown is taking full responsibility for the Matt Lodge saga following the club's demoralising 24-16 NRL loss to the Knights 12:20

     Business:
    Pain at the pump is only set to get worse - as the cost of importing fuel hits a record high 11:50

     International:
    Champions League final — Real Madrid defeat Liverpool 1-0 in Paris as decider's start delayed by 37 minutes as fans tear-gassed outside 11:20

     Environment:
    It's shaping up to a be a rough four or five days on the weather front 11:10

     Entertainment:
    Miranda Cosgroves hopes she "didn't mess up anyone's childhood" after her viral f-bomb admission 11:09

     Law and Order:
    Johnny Depp v Amber Heard is a defamation case. But it could have a chilling effect on domestic violence survivors 11:00

     News Search




    Power Search

    © 2022 New Zealand City Ltd