March 2020 Update. NZ Government steps in to lower fuel prices charged by petrol companies.

Hey everyone. NZ Fuel pricing. Most kiwis complain about the unfair cost. I live in Wellington but have been to Z petrol stations in Taupo, Tauranga, Hastings, Auckland, and Christchurch over the summer period (December 2019 - February 2020).

In this video we see the average fuel price for 91 Unleaded FINALLY decrease from the $2.39/L rate we've seen for long enough, down to $2.34 down to $2.29 down to $2.25/L in Wellington and throughout the North Island, the most populated island of New Zealand.

When I went down to Christchurch, I was shocked to see their fuel prices mid January 2020 so low. $2.08/L!! And that's in Christchurch CITY! Z and BP stations even near Christchurch Airport.

Then come back to Wellington. $2.38/L LOL Welcome back.....

The NZ Government has actually had to step in now. They are to lower their fuel prices and make it more fairer and have fair competition. Otherwise the Government will take action for New Zealand peoples' benefit because we all know fuel prices are a rip off and we have been overcharged for a long time.

Petrol stations are also required to provide more transparency as to what rate they are charging and why. I noticed that Z is earning approximately 3 cents per litre profit (saw in an article) after operational and tax costs. But they can make do with 1 cent or 2 cents profit per litre, considering how many litres they sell in a day. And they get revenue by other means by uping the price of their food and drink.

It's not fair trade to have the south island centres charge so much less than the north island, when it comes to fuel.

Good to see Z and BP gradually decreasing their fuel pricing.

Link to NZ$2.41/L response: https://www.youtube.com/watch?v=FrDjRV52B_4&t=65s

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