ZEL - Z Energy.

**Baa_Baa** · 20-08-2019, 03:48 PM

https://z.co.nz/motorists/fuel-pricing/

"A good chunk of the cost of each litre of fuel you buy is made up of Government taxes and levies"

"we earn a net profit of about 3-6 cents per litre across our network"

https://www.stuff.co.nz/business/112...l-vary-so-much

"The (AA) says about half of a litre of petrol is tax."

Originally Posted by Beagle

Z's response to Govt obfuscation http://nzx-prod-s7fsd7f98s.s3-websit...450/305709.pdf

Bridges labels Ardern "chief fleecer" https://www.msn.com/en-nz/news/natio...cid=spartandhp

**winner69** · 20-08-2019, 03:58 PM

Originally Posted by Baa_Baa

"we earn a net profit of about 3-6 cents per litre across our network"

Higher margins than Warehouse Group .....Z shouldn’t complain

**Beagle** · 20-08-2019, 04:32 PM

So the AA has confirmed my point that about half the price of fuel is taxes.
Tax makes up more than half the cost of fuel in Auckland due to the regional fuel levy which itself has GST added on again, so again a tax on a regional roading surtax in addition to GST on fuel excise, another tax on a tax and its the fuel companies that are fleecing us...yeah right ! ...time for that drink.

**winner69** · 20-08-2019, 05:23 PM

Price of petrol went up today (at least down this way) ....now that’s sending a message

Funny as

**peat** · 20-08-2019, 05:27 PM

however (following on from my previous post) according to https://moneyonline.cmail20.com/t/r-...-kjkjjulduy-y/ the three largest players do have an advantage , through their infrastructure sharing arrangements, and The Commission proposes opening up the wholesale market for petrol and diesel to allow greater participation by competitors in the infrastructure owned by the three big suppliers.

Sounds like forcing the big boys to share their toys with the little boys.

So there is a bit more teeth in this report than earlier reported. It would appear to be quite sure that there are signs of less than desirable competitive forces in the New Zealand transport fuels market

PS Its not about taxes

**couta1** · 20-08-2019, 05:41 PM

It's not about taxes, shame about that cause it should be, address the root cause of expensive petrol rather than scapegoating. Lol

**Beagle** · 20-08-2019, 08:02 PM

Does anyone else see the irony here ? The same Commerce Commission that now says competition could be better approved the Caltex and Z merger 3 years ago.
https://comcom.govt.nz/news-and-medi...to-divestments

**couta1** · 20-08-2019, 08:38 PM

Originally Posted by Beagle

Does anyone else see the irony here ? The same Commerce Commission that now says competition could be better approved the Caltex and Z merger a while back.

The same Commerce Commision that caused the disgraceful Chorus drama 6 yrs ago, totally inept.

**Baa_Baa** · 20-08-2019, 08:54 PM

Originally Posted by couta1

It's not about taxes, shame about that cause it should be, address the root cause of expensive petrol rather than scapegoating. Lol

Exactly, but the current government will do everything they can to avoid discussion on the ‘in your face’ 50%+ tax take on every litre of fuel, while diverting the conversation to supposed necessary intervention and manipulating the supply side market which will only achieve fringe savings for punters and thoroughly disenfranchise the industry while blatantly protecting their government income.

This government continues to aggravate business, but business will ultimately win as business drives prosperity whereas government intervention in business success drives normalcy and poverty.

It’s so shallow and disingenuous it would be laughable if it wasn’t so real!