Don't worry, the AA will keep them honest (sarcasm)
jason_247,
Jun 3, 8:25am
The only positive i can see is that z is owned by the nz superannuation fund. at least a big chunk anyway.
So any profits would stay closer to nz.
but its that issue of monopoly, not enough brands and prices go up.
lots of brands mean each town is essentially paying for rent and upkeep of a dozen petrol stations when 3 would suffice which all adds onto the end of day fuel cost.
no way of winning
wasgonna,
Jun 3, 9:45am
May have been a little better if some arsehole hadn't sold our refinery to the oil companies.
elect70,
Jun 3, 11:07am
Hopefully just an ownership change & not rebranded into Z stations
robotnik,
Jun 3, 11:11am
Will this mean an end to fuel with the Techron engine cleaning additive? Does Z have an additive as good as Techron?
tamarillo,
Jun 3, 11:16am
Why do you think it will bad for us? Could just as likely be good for us with better buying power and distribution of biodiesel. There's still plenty of competition and profit margins are very low on gas, it's tax that's the killer not supply.
tamarillo,
Jun 3, 11:18am
You're kidding yeah?
sw20,
Jun 3, 2:11pm
Maybe if the bloke before him hadn't ticked everything up past the credit limit he wouldn't have had to.
gammelvind,
Jun 3, 4:31pm
Caltex and Challenge, will make them the biggest player.
joanie04,
Jun 3, 5:03pm
That will explain why Z suddenly dropped their price of 91 to match Caltex today. Been 3 cents different for the good part of a week up here.
casper35,
Jun 3, 5:06pm
Z will own 50% of the fuel market.
2sheddies,
Jun 3, 7:08pm
In the article it states no rebranding is happening. So I guess the poster fretting about the Techron additive needn't worry anymore.
shakespeare6,
Jun 3, 7:26pm
Here is the email I from Z with my fuel statement Hi there, This is a special edition of The Energy Drop to let you know about an important new development for Z.
Z Energy to acquire Chevron??
franc123,
Jun 3, 8:12pm
Who cares, unless you work in a low volume Caltex station with ageing tanks in a place where there is a modern high volume Z close by and the axe is probably already being dangled, its not going to mean lower prices for anybody.
travis47,
Jun 4, 4:17am
There has never been competition in the fuel market so I can't see that it will make a blind bit of difference.
bumfacingdown,
Jun 4, 5:58am
I say wait and see on any re-branding, Shell was charging something like $1mil a year for branding rights and that was the main reason for changing it
noswalg,
Jun 4, 6:34am
it was actually $10M per year, but this deal could be contractually different after a being through the process, I imagine a complete rebranding is not a cheap process.
bumfacingdown,
Jun 4, 6:45am
I thought it was more then thought "Naa, your exaggerating there bumfacingdown" and chose a lower figure. Complete re-branding is cheaper in the long run, Z will be saving on it by now
joanie04,
Jun 4, 6:38pm
Well that price drop didn't last both back to 2.07 today.
gsimpson,
Jun 4, 6:47pm
When there is the big boys soon deal to the smaller fry. Eg Challenge when they started bringing in the good quality fuel the big boys undercut them in the areas they serviced to shut them down (especially around Timaru)
travis47,
Jul 29, 12:24pm
I agree, you only have to look here where the price drops massively on a trip from Taranaki to Palmerston North because Palmerston has a Gull. Even the small rural towns around Palmy have cheaper fuel and we pump it out of the ground here and have a port so it should be the same price if not cheaper.
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