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20-08-2019, 03:48 PM
#981
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
Last edited by Baa_Baa; 20-08-2019 at 03:52 PM.
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20-08-2019, 03:58 PM
#982
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
Last edited by winner69; 20-08-2019 at 04:25 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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20-08-2019, 04:32 PM
#983
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.
Last edited by Beagle; 20-08-2019 at 04:47 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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20-08-2019, 05:23 PM
#984
Price of petrol went up today (at least down this way) ....now that’s sending a message
Funny as
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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20-08-2019, 05:27 PM
#985
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
Last edited by peat; 20-08-2019 at 05:28 PM.
For clarity, nothing I say is advice....
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20-08-2019, 05:41 PM
#986
It's not about taxes, shame about that cause it should be, address the root cause of expensive petrol rather than scapegoating. Lol
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20-08-2019, 08:02 PM
#987
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
Last edited by Beagle; 20-08-2019 at 08:53 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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20-08-2019, 08:38 PM
#988
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.
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20-08-2019, 08:54 PM
#989
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!
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20-08-2019, 10:08 PM
#990
Originally Posted by winner69
Higher margins than Warehouse Group .....Z shouldn’t complain
Z isn't complaining about their 3.6c. Jacinda is complaining about getting only 120c
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