Petrol price war could be in the cards for NZ as new player eyes the North Island

June 4, 2020

Covid-19 has caused a price crash and there are new players in the game, Seven Sharp reports

A petrol war is about to break out as an independent South Island fuel provider makes plans to move north.

For years, Kiwis have endured what often seemed like identical prices across all of the fuel companies.

Last year, a Commerce Commission inquiry into the fuel market prompted legislative changes around wholesale fuel access and price transparency.

Now, lower prices could be just around the corner.

Not only has Covid-19 caused a price crash but there's a new player in the game: Nelson Petroleum Distributors (NPD).

Nelson-based NPD is planning a North Island invasion before Christmas, with Porirua and New Plymouth before Christmas and Hamilton, Palmerston North and Auckland soon after. 

Barry Sheridan CEO says they've been monitoring the pump prices over the last few months.

He says it's a lack of competition that's driving the prices up in the North Island. 

Officials say the proposed law change could result in savings of 10 cents per litre.

"We believe we can bring some strong benefits to the North Island motorists and bring them some great savings.

"We are here to bring that competition to the North Island."

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