Ofer’s offer price is at the bottom of the independent valuation range.
The government data is at odds with Z’s actual margins.
Why this unholy focus on what margins should be? The petrol market and its pricing is unregulated and competitive, and so it should be. It is not the role of the government or any minister to regulate petrol prices or margins.
The report found retail gross margins on fuel have increased significantly over the period under review, between 2013 and 2017.