Fuel crisis has shown NZ’s competitive landscape remains strong, although utilities remain the country’s least competitive sector, it says.
Maersk’s fuel surcharge will add 27% to its land-based pricing, while other carriers had applied various surcharge mechanisms that weren’t as ‘clearly separated’.
An investigation into electricity prices and contracts for business users went nowhere as businesses reluctant to come forward.
New Zealand still has adequate supply levels as Easter fuel demand fell due to high prices.
The Sunda Energy deal points to renewed offshore interest in New Zealand’s petroleum sector, says the Government.
Submission to Commerce Commission says fuel companies need bulk to compete with Z Energy and BP.
The sector, pulling itself up out of several years of constrained spending, is facing another significant threat.
Channel Infrastructure will convert former crude oil tanks for diesel use in two months.
Channel Infrastructure says it would take several months to convert former crude oil tanks to store a further week’s supply.
Oil multinational has previously said it wants to ‘high-grade’ its assets.