Government’s fuel security plan could increase petrol prices: ACCC chief Rod Sims

Government’s fuel security plan could increase petrol prices: ACCC chief Rod Sims

2 years 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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