Update: Sharp-eyed reader points out that the part labelled "profit" isn't all profit either. It's the 'importer margin' - The importer margin is the gross margin available to fuel retailers to cover domestic transportation, distribution and retailing costs in New Zealand, as well as profit margins.
I could be wrong but I heard the CE of Z being interviewed and I think he said the profit was 7% or thereabouts. Not an area I'm very au fait with the point remains. If anyone is fleecing us its the government.
3 comments:
Firstly, loved you on Leighton's podcast ... I think you've changed my mind over prisoner voting (up to three years).
Re petrol it's even more illogical: Peter Cresswell had a great post last week: this is a government which is deliberately increasing the price of petrol via tax to stop climate change, but at the same time legislating for a lower petrol price to stop consumers being fleeced.
If you think that through, they're piling in tax while forcing the producer to take an ever lower profit, so ultimately we just pay a bigger and bigger tax component at the cost of the producer: trouble is at some point its not worth it to the producer to look for more fuel and sell it to us. Then we have a real problem.
Is that yellow-green band really "profit" or is it the retail margin - out of which comes the cost of operating the petrol station etc?
Mark all you need to do is look to the real objective which is to destroy capitalism and then the policies are entirely consistent.
David, Here's the source: https://www.mbie.govt.nz/building-and-energy/energy-and-natural-resources/energy-statistics-and-modelling/energy-statistics/weekly-fuel-price-monitoring/?fbclid=IwAR114fNGmuznodYUywxsqTB1xGTsV9Qze2tHeYTs2guII5qwjjwVVZZ3pow
It's the importer margin "The importer margin is the gross margin available to fuel retailers to cover domestic transportation, distribution and retailing costs in New Zealand, as well as profit margins."
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