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New Zealand fuel market financial performance study

dc.contributor.authorRichard Meade
dc.contributor.authorRussell Moore
dc.contributor.authorPeter Wilson
dc.date.accessioned2017-07-21T09:00:06Z
dc.date.available2017-07-21T09:00:06Z
dc.date.issued2017-05-29
dc.identifier.urihttp://hdl.handle.net/11540/7267
dc.description.abstractOur study addresses three questions: 1. Are retail fuel prices reasonable? 2. What factors could explain regional differences in those prices? 3. Is there evidence of cross-subsidisation between products and markets? One of the key focuses of the study was to determine if retail prices were reasonable by assessing a market Return on Average Capital Employed (ROACE) and comparing this market return to a market Weighted Average Cost of Capital (WACC). This analysis, based on financial information provided by the majors, would have then been used to determine if the market was earning significant returns in excess of the market WACC, which may have indicated that retail prices were unreasonable. However, we were not able to complete this analysis as financial data provided by the majors was not provided on a comparable basis. In addition, some of the majors were not able to provide sufficient information within the timeframes for us to report. We discuss the limitations in respect of data received in detail in Section 4 of our report.
dc.languageEnglish
dc.publisherNew Zealand Institute of Economic Research
dc.titleNew Zealand fuel market financial performance study
dc.typeReports
dc.subject.expertRural planning
dc.subject.expertAid coordination
dc.subject.expertIndustrial projects
dc.subject.expertInfrastructure projects
dc.subject.expertNatural resources policy
dc.subject.expertEducational development
dc.subject.expertGas Reserve
dc.subject.expertGas Distribution
dc.subject.expertOil and Gas Leases
dc.subject.expertNatural Gas
dc.subject.adbAid And Development
dc.subject.adbAsian Development Bank
dc.subject.adbComprehensive Development Framework
dc.subject.adbDevelopment Cooperation
dc.subject.adbDevelopment Management
dc.subject.adbDevelopment Planning
dc.subject.adbDevelopment Strategies
dc.subject.adbGas Development
dc.subject.adbGas Market Development
dc.subject.adbOil and Gas Industry
dc.subject.adbNatural Gas Industry
dc.subject.adbGas Industry
dc.subject.naturalCommunication in rural development
dc.subject.naturalCommunication in community development
dc.subject.naturalEconomic development projects
dc.subject.naturalDevelopment banks
dc.subject.naturalEconomic forecasting
dc.subject.naturalEnvironmental auditing
dc.subject.naturalCumulative effects assessment
dc.subject.naturalHuman rights and globalization
dc.subject.naturalGasoline
dc.subject.naturalNatural gas supply
dc.subject.naturalOffshore oil and gas leases
dc.subject.naturalGas leases
dc.subject.naturalNatural gas reserves
dc.subject.naturalFertilizers and manures
dc.subject.naturalGasoline pump industry
dc.contributor.imprintCognitus Economic Insight
oar.themeDevelopment
oar.themeIndustry
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji Islands
oar.countryKiribati
oar.countryMarshall Islands
oar.countryFederated States of Micronesia
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryPeople's Republic of China
oar.countryHong Kong
oar.countryChina
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-006888
oar.authorMeade, Richard
oar.authorMoore, Russell
oar.authorWilson, Peter
oar.importTRUE
oar.googlescholar.linkpresenttrue


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