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Caltex buy will not inflate pump prices

2015-07-01 20:22:46| Oil & Gas - Topix.net

Z Energy, the listed service station chain, said its planned $785 million purchase of rival Chevron New Zealand's Caltex-branded network won't drive up prices at the pump because the target doesn't have retail price-setting power and the market will remain highly competitive. Z Energy makes the argument in its application to the Commerce Commission for clearance to buy the rival, a public version of which was published yesterday.

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Category:Energy and Environment

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