August 20, 2008
No Probe on Diesel Margins
The Economic Development Ministry will not investigate allegations of unusually high importer margins on diesel, despite a request from the Automobile Association (AA).
Oil companies dropped the price of diesel 6c a litre yesterday. On top of an 8c a litre drop last week, diesel is now $1.66 a litre, about 60c more than the same time last year.
Stockdale said he had contacted the ministry after oil companies refused to explain.
The ministry said it would not act on the AA request, but would have improved monitoring of importer margins on both diesel and petrol on its website by the end of the month.
A Shell spokeswoman said it had dropped its diesel price six times in the past four weeks.
Caltex said diesel prices moved independently to petrol.
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