Fuel Market Financial Performance Study 2017

In 2017, MBIE undertook a Fuel Market Financial Performance Study.

A group of external consultants comprising NZIER, Grant Thornton and Cognitus Economic Insight undertook the Study on MBIE’s behalf. The Study was undertaken following concern that a trend of steadily rising importer petrol and diesel margins since 2008 may indicate that retail customers in New Zealand are not paying reasonable prices for petrol and diesel. The Study was also prompted by the emergence of significant retail fuel price variations between regions in New Zealand.

The Study’s primary conclusion is that “we cannot definitely say that fuel prices in New Zealand are reasonable, and we have reason to believe that they might not be.”

See the final report and other information below.