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UPDATED. Read Gordon Campbell on the political costs of the price rises.
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The Automobile Association (AA) Breakdown
New Zealand has a de-regulated market and as such retail prices are influenced more by global supply and demand factors rather than the cost of refining fuel locally (although half our finished fuel is imported).
The price you pay for a litre of petrol is made up of the imported cost of the petrol, taxes (fuel excise, ETS and GST), shipping costs and an importer margin (the amount the fuel companies earn to offset their operating costs, plus profit margin).
The price you pay for a litre of petrol is made up of the imported cost of the petrol, taxes (fuel excise, ETS and GST), shipping costs and an importer margin (the amount the fuel companies earn to offset their operating costs, plus profit margin).
