Jimmy Ormsby: Waitomo Group Owner says competition is behind fuel price disparities

Published: Sept. 6, 2023, 9:24 p.m.

One of New Zealand's smallest fuel companies is pointing to competition as an explanation for price disparities. \xa0

The Commerce Commission has asked fuel companies to explain why significant differences exist within cities and between regions. \xa0

Waitomo Group Owner Jimmy Ormsby says some pricing in the market is hard to justify. \xa0

He told Mike Hosking that he doesn't expect the disparity to last long. \xa0

Ormsby says some markets are too competitive and that won't last, while others don't have enough competition and will be forced to by regulators.\xa0

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