Just exactly how much more are we paying for petrol?

via ODT

 

Energy and Resources Minister Judith Collins announced the study on Thursday, saying data showed fuel margins have more than doubled during the last five years.

“What I would really like to see happen and what I’m sure most New Zealanders would like to see happen is for those prices to come down or to look more transparent to people,” Ms Collins said of the review, which will be carried out by the Ministry of Business, Innovation and Employment by June.

The study will focus on returns against cost and will determine if companies are making “super-normal” profits.

Ms Collins said it could be done quickly but would require industry co-operation, something the chief executives of the four main companies had assured her.

“It is in the best interests of everyone, including oil companies, to make sure New Zealand has quality, reliable and reasonably priced fuels,” she said.

No doubt the big oil companies are well versed in seeing off these kinds of reviews.  But it is important that they feel a little pressure.  The cost of fuel is a component of just about everything we pay for and it is the easiest way to keep the pressure off inflation.

 

– NZN via Yahoo! News


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

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