ACCC Confirmed: Metro Petroleum, Speedway, United, Vibe and FuelXpress has the cheapest fuel price in Australia

ACCC Confirmed: Metro Petroleum, Speedway, United, Vibe and FuelXpress has the cheapest fuel price in Australia

5 months ago
Throughout 2020, drivers in Australia’s five largest capitals (Sydney, Melbourne, Brisbane, Perth and Adelaide) could have saved a combined $485 million by switching from the higher-priced petrol stations to lower-priced major retailers. This comes off the back of new research by the Australian Competition and Consumer Commission (ACCC), which revealed independent petrol chains generally offered lower prices on fuel. The report showed the average price difference between these retailers in 2020 was 11.4 cents per-litre, […]
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Government’s fuel security plan could increase petrol prices: ACCC chief Rod Sims

8 months ago
A federal government plan to pay oil refineries for operating in Australia could increase petrol prices for motorists and create competition issues, ACCC chair Rod Sims has warned. Energy Minister Angus Taylor is putting the finishing touches on a proposal to pay oil companies for every litre of transport fuel they produce locally in a bid to boost Australia’s fuel security. But while Mr Taylor claims the policy, which will be funded through a tax […]
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Petrol prices ended bumpy year slightly lower as demand rebounded

8 months ago
Petrol prices in Australia’s five largest cities stabilised at the end of 2020 after an unpredictable year and petrol sales volumes continued to recover from their earlier pandemic-driven slump. That’s according to the ACCC’s latest petrol monitoring report which shows the average retail price for petrol in the December quarter 2020 across Sydney, Melbourne, Brisbane, Adelaide and Perth was 121.4 cents per litre (cpl), a decrease of only 0.7 cpl from the previous quarter. Of the five […]
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ACCC weighs in on fuel security, petrol sales

8 months ago
Petrol prices in Australia’s five largest cities stabilised at the end of 2020 after an unpredictable year and petrol sales volumes continued to recover from their earlier pandemic-driven slump, the Australian Competition and Consumer Commission (ACCC) has reported. Average retail price for petrol in December quarter 2020 across Sydney, Melbourne, Brisbane, Adelaide and Perth was 121.4 cents per litre (cpl), a decrease of only 0.7 cpl from the previous quarter. Of the five capital cities, […]
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accc

ACCC introducing new collective bargaining exemption for fuel retailers.

8 months ago
The Australian Competition and Consumer Commission is introducing a new collective bargaining class exemption. The new exemption, due to become available from later this month, will allow small businesses, franchisees and fuel retailers to collectively negotiate with their suppliers and processors, franchisor or fuel wholesaler respectively, without first having to seek approval using the ACCC’s existing authorisation or notification processes. Collective bargaining can produce potential cost and time savings for both sides of negotiations and […]
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