On 5 December 2019, the Commerce Commission released its final report on the retail fuel market study. The commission's reported indicated that fuel companies have been making persistently higher profits over the past decade than would have been expected in a competitive market, that there is limited competition in wholesale markets, and that this flows through to the retail market, where there is wide variation in retail prices, particularly between different regions. The report confirmed this Government's concern that consumers are paying higher prices for petrol and diesel than could be expected in a competitive market. The changes this bill will make will address that, and we expect those benefits will flow through to motorists. The Government is introducing changes to the fuel industry to improve competition in the wholesale and retail fuel markets, and cumulatively these measures are designed to promote greater competition for the long-term benefit of end users of engine fuel products.