You are using an older browser version. Please use a supported version for the best MSN experience.

Collins concerned about petrol price rises

NZ Newswire logoNZ Newswire 31/01/2017

The margins on petrol prices have increased and Energy Minister Judith Collins wants to know what is going on.

Margins are the difference between the price companies pay for petrol and what they charge for it at the pump.

The Ministry of Business, Innovation and Employment has data showing margins have increased.

"I will get to the bottom of this and next week I expect to have something to announce," Ms Collins told Fairfax.

Earlier on Tuesday Labour's energy spokesman, Stuart Nash, called for an inquiry by a parliamentary select committee.

"I get the impression New Zealanders are being ripped off," he said.

Mr Nash says margins were about 13 cents a litre before 2010 and were now running at about 35 cents a litre.

image beaconimage beaconimage beacon