There's concern among petrol station owners, following BNZ signalling its lending period for fossil fuels is ending.

BNZ has informed one business lending to petrol store owners will end - and the bank needs all debt repaid by 2030. 

The bank says it's an economic decision, as they're foreseeing people switching to electric vehicles. 

An anonymous owner of multiple rural petrol stations says the decision hurts farmers, who will still need diesel.

LISTEN ABOVE

There's concern among petrol station owners, following BNZ signalling its lending period for fossil fuels is ending.
BNZ has informed one business lending to petrol store owners will end - and the bank needs all debt repaid by 2030.&nbsp;
The bank says it's an economic decision, as they're foreseeing people switching to electric vehicles.&nbsp;
An anonymous owner of multiple rural petrol stations says the decision hurts farmers, who will still need diesel.
LISTEN ABOVE

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Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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Anonymous petrol station owner: Concerned spokesperson speaks out on BNZ signalling end to fossil fuel lending

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9b3bb9c6-19d1-4d6d-b2d6-b24300639ba3/transcript