Levy is fixed. GST is %.
NZ has one of the highest petrol prices in the world, due to tax.
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Have you paid for fuel in Europe? Now that's expensive.
Isn't it hypocritical of the govt to wave a wet bus ticket at the fuel companies when the govt's outrageous levy margin is immune to changing retail prices. Oh of course they do it 'for the people' yeah right? Is there actually a government regulator, or just MBIE gathering the data?
had a read of there report into petrol pricing, I must say very entertaining
https://www.nzx.com/companies/ZEL/announcements/263348
Report wouldn't be the cause for the (close to) 4% drop in share price?
Well, well, well.... Irrespective of what NZIER says I would still bet a few bob that they dragged the chain last summer with retail price declines on the back of such a major decline in oil price. I still reckon they're thieves and Z is by far the worst in the area I live. They have massively over-played their local ownership hand IMHO.
http://www.stuff.co.nz/business/mone...l-price-cynics
The AA I find just as entertaining, well educated people no doubt
One wonders if this report was truly independent as it was paid for by Z...just like all those "independent" auditors reports of finance companies were paid for by the finance companies themselves.
When you're being paid a big fat fee by an energy company one can ponder if that didn't affect the outcome ?