28 Feb 2020

New bill will make fuel market more transparent - Waitomo petrol managing director

From Morning Report, 7:27 am on 28 February 2020

The managing director of a cut-price fuel retailer says proposed regulation for the fuel market will make the industry more transparent.

Government has announced its response to a year-long fuel-market study by the Commerce Commission - the results of which were announced in December last year.

The study found that a true wholesale market for fuel doesn't exist in New Zealand.

Now the Government is drafting a Fuel Market Bill which it hopes to pass midway through this year and will be seeking input from the industry.

Jimmy Ormsby from cut-price fuel brand Waitomo speaks to Susie Ferguson.