Nat’s fuel price inquiry an exercise in arrogant hypocrisy

Apparently NZers are concerned about the profit margins made selling petrol diesel and oil. People feel they are somewhere in the chain getting ripped off. Quick! Bring out the big stick and whack the oil companies and the retailers. Energy and Resources Minister Jude Collins has announced a “Fuel Price Inquiry” Fuel companies are being…

Simon Bridges goes Venezuelan

Energy Minister Simon Bridges says big petrol retailers are “on notice” after they maintained large profit margins while the price of oil was falling sharply late last year. Simon says the retailers were making profits of of up to 55c per litre, compared to the average profit margin of 42c per litre over 2013. I…