Petrol margins sky rocketing

This data comes from MBIE.  Margins are well over double what they were a few years ago.

There is obviously not sufficient competition between retailers in NZ. You shouldn’t see that sort of margin increase when there is. This may be because people don’t tend to shop around enough, and just fill up at the local.

But regardless the Government should be looking to see what it can to get better competition, so margins reduce to their normal levels.