Face of the Day

Energy Minister Judith Collins says the Government will only intervene in the fuel market as a last resort if an inquiry into fuel pricing shows petrol companies are ripping off consumers.

Collins has begun an inquiry into the fuel industry after concern about rising margins between what fuel is imported and sold for.

Asked if the Government would intervene if the inquiry showed consumers were being ripped off, Collins said it would be reluctant to do so.

“You have to be very careful about that. It would be a last resort, and I don’t think that’s going to be necessary. I think having a bit of sunlight on the issue will help sort out the market pretty quickly.”

The market knows better than to call Crusher’s bluff.   She will simply double down and make them pay twice.

If there is any monkey business going on, they have exactly one chance to sort it out.

 

– Claire Trevett, NZ Herald


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