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Motorists warned: No quick fix for rising petrol prices

Author
Newstalk ZB,
Publish Date
Wed, 6 Dec 2017, 8:11AM
The release comes as the AA warns petrol prices are at a three-year high and profit margins are well above average. (Photo \ Getty Images)

Motorists warned: No quick fix for rising petrol prices

Author
Newstalk ZB,
Publish Date
Wed, 6 Dec 2017, 8:11AM

Motorists are being warned there will be no quick fix to rising prices at the pump.

Energy Minister Megan Woods will today release the findings of a fuel market study ordered by her predecessor Judith Collins.

The release comes as the AA warns petrol prices are at a three-year high and profit margins are well above average.

Megan Woods told Mike Hosking she plans to get the Commerce Commission involved, but it could take a while for anything to change.

"This isn't going to be a quick fix, this is addressing a really important question and that's [...] is the market working, is it a fully competitive market." 

LISTEN ABOVE AS MEGAN WOODS SPEAKS WITH MIKE HOSKING

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