Woods needs to focus on petrol prices

Press Release – New Zealand National Party

Woods needs to focus on petrol prices The new Government needs to follow through on the previous Governments actions to ensure New Zealanders are paying a fair and reasonable price for petrol, National Party Energy and Resources Spokesman Jonathan …Woods needs to focus on petrol prices

The new Government needs to follow through on the previous Government’s actions to ensure New Zealanders are paying a fair and reasonable price for petrol, National Party Energy and Resources Spokesman Jonathan Young says.

“With petrol prices increasing three times since the change of Government and a regional petrol tax of 11.5 cent a litre for Auckland motorists on its way; this work is even more important,” Mr Young says.

“Megan Woods can’t be asleep at the wheel when it comes to petrol prices for New Zealanders, especially coming up to the Christmas and holiday season.

“The South Island and Wellington were identified as possibly subsidising more competitive regional pricing, and those motorists will want to know this isn’t the case, or that it will be addressed.

“The National Government agreed at Cabinet to grant market studies power to the Commerce Commission, enabling them to access data that would show a more complete picture of the competitive mechanisms affecting the pricing of petrol.

“The Ministry of Business Employment and Innovation are due to report back today on the initial ‘Fuel Market Financial Performance Study’. Fuel retailers Z Energy, BP, Mobil and Gull response to the study were due 31 October 2017.

“In July Megan Woods criticised the then Minister of Energy And Resources saying ‘it is time for the Commerce Commission to do its job’.

“As the new Minister she now needs to live up to her own rhetoric and get a better deal for Kiwi motorists.

“At the moment prices are going completely the wrong way under her Government.”

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