2nd Oct 2018
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ACCC delivers novel ‘solution’ on petrol price gouging
Author: Janelle Ward
petrol prices

Petrol prices across several capital cities jumped 10 cents a litre a few days before the long weekend that many states were set to enjoy – to $1.90 for premium fuel.

Situation normal?

A resounding yes, but we just need to shop around, according to a review by the Australian Competition and Consumer Commission (ACCC), although it does admit motorists are paying about three cents a litre more for petrol than they should be.

Federal Treasurer Josh Frydenberg said yesterday the Government would consider any suggestions the consumer watchdog had to contain petrol prices.

"If they make any recommendations to government then, of course, we will favourably consider those,” Mr Frydenberg had told the Nine Network.

“What we understand about our petrol market is that it is driven to some extent by what happens overseas, with the Australian dollar, but also with global oil prices.

“But if companies here are ripping off consumers, then we will take action.”

Heard it all before?

ACCC chair Rod Sims explained the results of the review on radio on Monday. “The main issue is the overseas cost of crude oil, and the oil-producing nations controlling the supply of fuel,” adding that the ACCC was powerless to have any influence on those international factors.

But Mr Sims was more expansive on fuel taxes, which he described as complicated and confusing. Perhaps an area Mr Frydenberg and state governments could look into?

“You’ve got to ask why are we paying a fuel excise of 41 cents on top of the GST,” Mr Sims said. “And the complication there is [that] it’s there to fund the roads that governments build. But the link is so poor, you now have no idea whether this level of taxation is the right one or not.”

“Then you’ve got the fact that, in our view, margins are two to three cents a litre too high. That’s $400 to $600 million. That’s a lot of money for Australians.

“If we could just try to get some better road user charging, so motorists know as they pay money [that] it's actually going to build roads and they're not paying more than they should, that would be a good step. That’s 85 per cent of it.”

At the end of the day, the ACCC says petrol companies are doing nothing illegal.

“It’s not against the law for someone to overcharge for a good,” Mr Sims said.

“If I buy an apple off you for one dollar and then sell it to someone else for 10 bucks, that’s not against the law.”

He says consumers should shop around for the cheapest petrol and buy at the right time.

“When prices are at the bottom of the cycle, you’re probably getting petrol below cost. And when they’re at the top of the cycle, you’re getting ripped off big time,” he said.

Senior economist at the Australia Institute, Matt Grudnoff, said transport costs had been a significant driver of cost-of-living price increases in the past year. Driven by? You guessed it – petrol prices.

“If we look at automotive fuel prices over the last 20 or so years we can see that the recent rise is pushing prices towards all-time highs,” he said. “The lack of comment on this might be in part because electricity and house prices have become the new cost of living issues. But if petrol prices continue to rise then expect petrol prices to enter the political debate.”

Meanwhile, just shop around. Check the ACCC price watch data before filling up and investigate the petrol price apps in your state, such as FuelWatch and FuelCheck in NSW, to keep track of the pricing cycle.

Are you satisfied with the latest petrol price review by the ACCC? Are you happy with the Treasurer’s response? Are you diligent about filling up when prices are at their lowest?

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    COMMENTS

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    Knows-a-lot
    2nd Oct 2018
    10:13am
    The ACCC is bloody useless!
    Old Man
    2nd Oct 2018
    10:19am
    It's alright for the ACCC to pontificate about the cost of crude oil but I wonder how he got that information. Did he check at the source of the crude oil or did big petrol companies give him the information which he didn't bother to check. Just like banks moan about the cost of borrowing overseas, oil companies do the same but I'm betting that nobody bothers to check the statements. I find it past curious that crude oil prices seem to peak at the same time as Australia has long weekends and school holidays.

    What has a swinging seat and an independent fuel outlet got in common? They both attract money for the locals. In a swinging seat, millions are poured into the electorate at election time and an independent fuel outlet ensures that big oil companies keep the price of fuel low in that area. If big oil can lower the prices where there is competition, why can't they keep it low in other areas.

    The last president of the NRMA was from this area and he was very vociferous about fuel prices in Sydney but when I asked why our prices locally are always about 20¢/litre dearer, he was unusually silent. Just as the Royal Commission into banks has shown that the regulators have done nothing, it appears that the ACCC has also sat on its collective hands and allowed oil companies to thumb their noses at us, the public. We don't need new regulations, we need the ACCC to use the powers it has and start doing what they are supposed to.
    srs21
    2nd Oct 2018
    10:34am
    There seems to be heck of a lot of “industries” that have been allowed to run amok with our money. Virtually everyone of them should be investigated through a RC. Time and money should not be a big issue when halting these grubs. I don’t think halting is the word because even though all this thievery has been brought to light, nothing has changed. Fuel rip off still have to be brought to attention
    Old Geezer
    2nd Oct 2018
    10:37am
    It's called free enterprise!
    HS
    2nd Oct 2018
    12:23pm
    It looks more like a "free for all robbery" than free enterprise.
    OnlyGenuineRainey
    2nd Oct 2018
    8:48pm
    A free enterprise system with private operators profiting and no control over pricing is totally inappropriate for essential goods and services. When a private operator has the ability to monopolise or work co-operatively with a cartel to rip off the public pricing a product or service such that it restricts the capacity of businesses to function profitably and drives inflation and broad financial hardship, there MUST be strict regulation.

    Affordable petrol, electricity, gas, and financial and communications services underpin economic prosperity. All of these should be tightly regulated if not government controlled to ensure they are priced to support a healthy economy.
    Knight Templar
    2nd Oct 2018
    10:38am
    It should be mandatory for all petrol companies to also display the 98 premium price. Boards are currently silent in this regard. Furthermore, they should display the Federal Government's excise rate for fuel which is almost 41 cents per litre plus 10% GST. Clearly, Federal governments of all political persuasions, have a financial interest in high fuel prices given the considerable increase in GST revenue obtained with higher prices. The public would then better understand that it is not only the oil companies and retailers who are profiting from the consumer.
    Sen.Cit.89
    2nd Oct 2018
    11:21am
    Well said KT Double taxing is a rip-off
    Old Geezer
    2nd Oct 2018
    10:38am
    Simple don't fill up just before or on long weekends.
    old frt
    2nd Oct 2018
    10:40am
    When was the last time the ACCC did something useful to justify their budget ? Do they even know what their charter is , just another bunch of blowhard PS wankers. Further to your comment OM how can the same oil company have different fuel prices across the road from their own stations .
    Infinityoz
    2nd Oct 2018
    11:02am
    "Just shop around"? Haha - what a waste of an article! In Canberra prices are always about 10c per Litre higher than Sydney prices. Often, it's cheaper in a small place like Cowra than it is in Canberra! Lately, diesel for my tiny Hyundai i30 has been around 169.9 cpL - usually diesel is fairly stable compared to petrol, but at the moment it's right up there with the premium petrol gouging.

    Very frustrating, and yes, if we are all paying a few cents higher than we should be, I'd like to know what the ACCC is intending to do about it? Nothing, I suppose, as usual :(
    Infinityoz
    2nd Oct 2018
    11:08am
    I should add that it is almost unbelievable that GST is added ON TOP of the excise on fuel. No other commodity does this, excise [just another tax when you come down to it], is added to the pump price and then GST is added on top of the full amount. This doesn't happen with anything else - if there is a tax eg on luxury cars, that is a separate thing and GST is calculated on the base price before the tax.

    I also find it appalling that the so called "new solution" is exactly the same as we've always been told, ie shop around, find the cheapest price in your area and buy there, plus do not buy fuel on or just before a long weekend. Grrrrrrr ... what a bunch of no hopers!
    Sen.Cit.89
    2nd Oct 2018
    11:25am
    Yes, Infinityoz,
    Time for us all to start lobbying our government reps to remove the GST from fuel costs.
    JW
    2nd Oct 2018
    9:09pm
    Exactly my point infinityoz. You missed my comment? How much did we pay for the accc to tell us to shop around!!
    Rae
    9th Oct 2018
    12:15pm
    Yes double taxation is only okay if it is Joe or Jane Public paying it.
    mr.auspicious
    2nd Oct 2018
    11:16am
    Funny how petrol price cycles appear synchronised, at least in the Sydney metro area.
    Although marginally cheaper, the " independent " service stations appear to adjust their
    pump prices according to this cycle.
    Of course it appears to be a classical case of cartel pricing aka price rigging. Although this
    practise is contrary to consumer law, it has nevertheless continued unabated for years.
    What is disturbing is that this lamentable price gouging appears set to continue, and will
    persist while the consumer watchdog and politicians run dead on the issue.

    The bad news for motorists is that there seems little respite given crude oil prices are
    trending up while the exchange rate against the U.S. dollar has been trending down.






    follow cycle
    Old Geezer
    2nd Oct 2018
    11:27am
    There is an online app that not only tells you where the fuel stations are but the price they are charging for it. Use it all the time to find servos when towing the van.
    Old Geezer
    2nd Oct 2018
    11:31am
    My virus checkers are telling me that life choices pages have malware and are blocking it.
    OnlyGenuineRainey
    2nd Oct 2018
    12:06pm
    What a pity the blocking isn't effective. Maybe the virus checkers are smart enough to recognize that you are an offensive, overbearing and egotistical troll whose comments are not wanted here?
    Old Geezer
    2nd Oct 2018
    12:26pm
    Now I know why they are. They were warning me that you were about to be very nasty to me.
    HS
    2nd Oct 2018
    12:30pm
    OnlyGenuineRainey- Ain't that the truth! Well said.
    Old Geezer
    2nd Oct 2018
    12:37pm
    Ha ha I'm still here.
    olbaid
    2nd Oct 2018
    3:23pm
    Rainey - please stop your vicious attacks on other members just because they post more intelligent comments than your usual "poor me" drivel
    OnlyGenuineRainey
    2nd Oct 2018
    8:54pm
    Olbaid, nothing to stop, because I have NEVER attacked anyone who is ''more intelligent'' - only stupid trolls who have nothing of worth to say. And I have never indulged in 'poor me drivel'. I'm sorry you don't have the intelligence to read and understand logical and carefully thought-out comment from someone who has a great life and appreciates exceptional good fortune, but has deep concern for those who are not so lucky. You could learn some empathy. It might transform you from monster to human!
    Old Geezer
    2nd Oct 2018
    10:02pm
    Someone please give OG some tissues as I too have had enough of their poor me stuff too.
    OnlyGenuineRainey
    3rd Oct 2018
    8:10pm
    Give you tissues? I wouldn't give you the time of day, OG. You are always boasting about your wealth. Buy your own!
    pedro the swift
    2nd Oct 2018
    11:40am
    I don't think people would mind paying a reasonable excise on fuel if it was really used to fund better roads around OZ. But we are now in the Fabled 21st century(remember Beyond 2000) and most of our roads or highways are nothing but flood prone tarred over goat tracks.
    We don't seem to have the ability to built a proper flood proof all weather multi lane highway around this country even now. Highway updates are done on bits and pieces, a few k here and a few k there. I do not understand why it is not possible to start in one place IE:Sydney and built a multi lane all weather road all the way to IE: Brisbane and ensure all small towns have bypasses so they aren't subject to huge volumes of heavy trucks. And I don't even want to start on the stupidity of having huge trucks hauling stuff interstate
    gazza48
    2nd Oct 2018
    11:41am
    Interesting.....back during the GFC the price of oil was probably up over 120usd per barrel and our airlines etc were struggling with the cost to fuel aircraft. Our dollar was not great against it either yet the cost per litre was nowhere near what it is now from my memory. I may be wrong. What will happen when the barrel price goes back to that cost...over 2.50 a litre maybe??? Good old world parity has a lot to do with it all as well as the govt taxes. We travelled in the USA and there price per gallon (hence per litre when converted) is cheaper than ours. We get ripped off every time but again, think the govt is happy for the price to go up and there gst gets higher and higher from fuel!
    mr.auspicious
    2nd Oct 2018
    12:30pm
    gazza - my understanding is that U.S. retail petrol prices are based on an average
    wholesale price known as the West Texas Crude. Typically this price is lower
    than the wholesale crude price oil paid by Australian refineries which is based
    on the Singapore Tapis index.

    Also lower fuel excise levied in the U.S. results in lower pump prices there.

    There is, in addition, the absence of the retail price cycle gouging due to
    more producers / retailers supplying a much larger market.
    OnlyGenuineRainey
    2nd Oct 2018
    12:04pm
    No comment on the fact that although crude oil prices are very low right now, petrol prices are higher than in a long time. Also, no admission that the government actually loves high petrol prices because high petrol prices mean high taxes. They don't care about the motorist. They might have some minor concern for the impact on the CPI, but as long as it's controlled, they will lap up the taxes and celebrate.

    They also fail to comment on the fact that petrol is consistently more expensive in certain areas, and often NOT due to transport costs. It's often cheaper in the more remote locations. Highway outlets tend to rip off because they are convenient for travellers.

    In the US, in the 60s, the government took the view that 'gas' was an essential and keeping prices low kept the economy going. If our government wasn't so greedy, and focused on feeding the greedy wealthy, they might reduce the cost of living substantially and drive economic growth by reducing petrol taxes. But I won't hold my breath for either Labor or Libs to come up with any idea that sensible.
    Old Geezer
    2nd Oct 2018
    12:31pm
    Price of oil is now USD75 a barrel and has been rising steadily for quite some time. Oil stocks have been rising with it so I can fill up with a smile on my face once again.
    Knight Templar
    2nd Oct 2018
    1:06pm
    OnlyGenuineRainey ... absolutely correct. The government loves high petrol prices. At today's prices, it collects about 60 cents from each litre of Premium 98 sold at the pump (fuel levy plus GST).

    It should also be remembered that Federal, State and Territory MP's and senior bureaucrats, are provided free petrol for their taxpayer funded vehicles. Why should they care about the average motorist.
    Rae
    9th Oct 2018
    12:21pm
    Yes Knight and business owners, farmers, contractors etc all get tax free fuel. Dumb bunny chumps like us are paying for it all.
    SuziJ
    13th Oct 2018
    8:47am
    OGR, then why is there a 20 cpl difference in our fuel costs in Albury when all the fuel is trucked in? Coles Express sells in town @ $1.669 and my local independent sells @ $1.469, and there's only about 5km difference between the 2 stations. I don't understand the difference in price if all the fuel comes by truck.

    There's no fuel on the highway near Albury. You actually have to go off the highway to find it.
    Lark Force
    2nd Oct 2018
    12:04pm
    I have three 20l Jerry Cans that I fill up when prices are down. Then use that whilst prices are high. Works well until there's a long run of high prices. I started keeping spare petrol on hand years ago when strikes caused shortages. Just remember that if you use steel Jerry Cans to put them on the ground when filling them. (Discharges any static electricity that way or Karboom!) Got it?
    Old Geezer
    2nd Oct 2018
    12:28pm
    You know that fuel get bugs in it if left too long.
    Lark Force
    2nd Oct 2018
    12:40pm
    Never had a problem in 40 odd years. And what exactly is the "BUG" that can survive in that alcohol? And what is its incubation period? I know that after a long the octane rating can fall due to escaping fumes. Maybe that's the "BUG' you speak of?
    Old Geezer
    2nd Oct 2018
    1:10pm
    Had to strain some yucky stuff out of a container of mower fuel only last week.
    Lark Force
    2nd Oct 2018
    1:14pm
    How Old? (not you, the mower fuel) Mower Fuel has oil in it!
    Old Geezer
    2nd Oct 2018
    1:22pm
    I hope my fuel has no oil in it as the mower is a ride on. Fuel was about 3 month old and stored in a jerry can. E10 is worse I hear too.
    Lark Force
    2nd Oct 2018
    2:48pm
    Something wrong with your fuel supplier or your Jerry Can. Petrol stays in some Petrol Stations underground tanks for that long. We'd all know about it if it went off like yours did.
    Apart from the gunk in your Jerry Can, what is the BUG you say that occurs in stored petrol?
    Old Geezer
    2nd Oct 2018
    3:12pm
    I always use a filter when using out of my jerry can to catch anything that may have grown in it.
    Mandy
    2nd Oct 2018
    4:26pm
    Fuel does oxidise over a period forming a gum, over a period of 6 months to a year, which blocks jets. If the can is full so there is no air, it should last longer. E10 has alcohol in it so there is already oxygen present and is probably why it gums up quicker. THe oil companies do add an agent to retard or slow the oxidation.
    Theo1943
    2nd Oct 2018
    5:26pm
    Petrol is OK for 'bugs' but loses its potency over time. You'll have trouble starting your mower with two year old petrol. Diesel grows mould which clogs the filters. Add some mould inhibitor if storing it for more than a year. When 2stroke mix turns brown, get rid of it.
    Paddington
    2nd Oct 2018
    12:25pm
    The tax is too high in Australia on petrol compared to the US, for example. Reduce that for a start!
    Melfunction
    2nd Oct 2018
    1:04pm
    Wow!. Petrol prices are at an all time high. Along with just about all other prices. Big deal.
    When are you all going to realise that they are not making it anymore. When we pump or dig it all up it's gone. Forever.
    Therefore prices should be high to stop us using it - and buying un-economical big cars and utes that we don't really need.
    Our selfish greed is not sustainable.
    Oldtroll
    2nd Oct 2018
    1:05pm
    Look, Mr Frydenberg has no intention to delve into fuel prices. He is too busy holding down his job and keeping the librils in power. The Liberals are not interested in the cost of fuel as they need to vote of the 'top end of town'. The ACCC is as mentioned a total waste of tax payers money and there just justify something or other... you have you own guess on that one. So the status quo goes on and bugger all is done to make our lives easier. Well done liberals......!!??
    Knight Templar
    2nd Oct 2018
    1:10pm
    Oldtroll and you're naïve enough to believe Labor would be any different!!
    Old Geezer
    2nd Oct 2018
    1:14pm
    Labor is likely to be worse as all their promises will need lots of revenue.
    Old Geezer
    2nd Oct 2018
    1:13pm
    Fuel prices might be worth a look on that day the woman in Queensland is telling everyone not to fill up on. Me thinks there might be some bargains.
    Rae
    9th Oct 2018
    12:28pm
    They don't bargains anymore. Just don't fill up.

    Consumer boycotts will hurt big time.
    Howie1
    2nd Oct 2018
    1:15pm
    Was out at Costco yesterday. big surprise. Their fuel price for unleaded was $ 1.40. Yep, I filled up quick smart.
    Old Geezer
    2nd Oct 2018
    1:27pm
    I fill up at BP as I get about 25c a litre off.
    OnlyGenuineRainey
    2nd Oct 2018
    8:55pm
    If Costco can sell petrol cheaply, why can't everyone. Clearly there is a desperate need for investigation of the rip off.
    Rae
    9th Oct 2018
    12:29pm
    You shouldn't need to pay the taxes OG if you are running a business or farm. It's only ordinary workers getting screwed.
    shirboy
    2nd Oct 2018
    1:47pm
    Bring on AFFORDABLE electric cars !
    musicveg
    2nd Oct 2018
    9:10pm
    Someone who sells them told me we have to get rid of import tax on electric cars to make them affordable and encourage people to buy them.
    OnlyGenuineRainey
    6th Oct 2018
    2:25pm
    I agree. musicveg. It will happen in time, but it's disruptive technology and embraced too quickly it causes too much economic and social disruption. Besides, got to look after the power-brokers - oil magnates, petrol giants, etc.
    Rae
    9th Oct 2018
    12:35pm
    How will they do that exactly? We can't even run a metal smelter or refining plant anymore so hoping for electric cars is quite ridiculous until the Grid is fixed.
    casey
    2nd Oct 2018
    2:35pm
    Isn't it odd how fuel prices always take jump at the beginning of school holidays and long weekends.
    Old Geezer
    2nd Oct 2018
    3:10pm
    No as it is expected.
    Rae
    9th Oct 2018
    12:30pm
    And stay up for weeks around here. Only the Metro is cheaper.
    olbaid
    2nd Oct 2018
    3:20pm
    Walk , ride a bike or use public transport more.
    Switch to electric
    But ffs stop whingeing . Its basic supply and demand.
    I suppose the lefties want the government to introduce a subsidy on fuel now
    OnlyGenuineRainey
    2nd Oct 2018
    8:51pm
    Not the lefties. All who understand that high petrol and power prices are economically harmful and appreciate that controlled prices drive economic health.
    Rae
    9th Oct 2018
    12:32pm
    It is not supply and demand when regulatory capture has forced storage to Singapore. Pure Government policy.

    If the CPI was a true benchmark then inflation is ripping away and they have lost control.
    SuziJ
    13th Oct 2018
    8:52am
    How can you walk, ride or use public transport when the shops are sooooo far away? There's only public transport in my area 5 1/2 days a week. Nothing after lunch on Sat until Mon morning.

    Switching to electric is a cost beyond my budget - pensioner.
    zoomer
    2nd Oct 2018
    4:31pm
    What about we start a movement where everybody just gets $10 worth and let them know we are waiting for the price to drop. If everybody did this I think the message would get through pretty quickly.
    pedro the swift
    2nd Oct 2018
    4:37pm
    Walk?,ride a bike? use public transport?. what a day dreamer. seems you live in LaLa land where public transport stops are outside your door and takes you everywhere you want to go.Or maybe you are an olympic cyclist who can zoom at top speed to any where. Or do you walk at super speed to save fuel.
    A lot of Australians do not live in places where public transport is available and HAVE to use private transport. Even private bus companies to not have good service in a lot of places.
    And as for electric, dream on. Just imagine a scenario where all cars are electric(maybe in 50 years). Do you think the gov is going to ensure charging costs are not taxed? Dream on. And how where do you think the power to charge all these cars is coming from? Solar? Wind? I don't think so. Only viable option is nuclear or hopefully fusion.
    olbaid
    2nd Oct 2018
    5:06pm
    Gawd - what a whinger

    I recommend anti - depressants

    Yes - I walk or cycle whenever I can - keeps me fit and healthy

    Also take public transport as much as possible - unless I'm in a hurry top get somewhere, in which case I jump into my 530e - only 2.3L per 100km
    Kato
    2nd Oct 2018
    4:49pm
    The highway man looting the people is the Government of the day.
    ozziejorge
    2nd Oct 2018
    6:01pm
    What I would LOVE to understand, is as follows:
    In Australia, we have forward purchased Crude for at least a month .. hence the price for THAT particular amount of crude is already set and paid for.
    Now .. something happens in the ME, and our pump prices suddenly skyrocket .. BUT the fuel in the tanks, and that which will be delivered over trhe next MONTH, has been paid for at the previous price ... so:
    "WHY does the cost of the fuel in the tank under the petrol station VARY DAILY...??????
    OH .. WAIT .. with GST and the "tariffs", the govt stands to make a killing off the motorist again .. THAT is why there is NO INVESTIGATION and control!!!!!
    On the Ball
    2nd Oct 2018
    8:50pm
    Fill up when its cheap... Easy to say, I know, but do you REALLY need to completely fill the tank on that Friday before a long weekend? Will a half tank get you to the next cheap cycle? Once you are on the cheap cycle, stay there. Fill up only when its cheap.
    Most cars made after about 2000 have a pretty accurate computer on board that can tell you (within a tenth of a litre) how much fuel your car will need to fill it up. Double check how much fuel the bowser says it put in your tank. You will be surprised at the difference. Over the weeks, use the same bowser to get an idea of its accuracy. Check other bowsers at the same service station. You will find some give you less fuel than they say they have, some will consistently give you more. We are talking litres here. I used to be in the industry checking accuracy of pumps. They do vary a lot, and a rarely checked.
    But, the end is nigh. Once we get a progressive Government that can see the eventual demise of petrol, and work WITH it, we will see the fuel companies competing against a genuine rival. Petrol will become plentiful, due to the inevitable lowering of demand. Once it is plentiful, it will be cheaper (economics one O one).
    [ Insert usual LNP/COALition garbage here].
    mike
    2nd Oct 2018
    9:03pm
    Remember Hockey added GST to the excise on fuel and said it wouldnt hurt pensioners and poor people because they couldnt afford cars and didnt drive far anyway. At the same time Hockey called disabled rorters whilst filling his back pocket with rorted travel allowance of several multiples of $288 a night. Hockey said we all had to tighten our belts but the bastard is in the US spending our tax dollars on wine and entertainment like a drunken sailor. After supporting the Liberals for 52 years i now vote One Nation.
    musicveg
    2nd Oct 2018
    9:12pm
    Not sure if One Nation is going to save us, they side with the Liberals don't they?
    Have you looked at Sustainable Australia Party or Independents?
    musicveg
    2nd Oct 2018
    9:13pm
    Why do they need the consumer watch dog to make suggestions before they act? Solution is simple cut the GST and decrease the fuel tax, everyone will be happy, businesses will boom, more jobs will be made.
    Rae
    9th Oct 2018
    12:38pm
    Yes. It seems tax cuts for business is good but tax cuts for people is not good.
    Adrianus
    3rd Oct 2018
    7:12am
    Australia's future economic prosperity depends more and more on cheap reliable sources of energy and fuel. We all know this, but how do we get it?
    Dropping those taxes would be a start??
    Rae
    9th Oct 2018
    12:40pm
    Not privatising and selling the electricity providers to other Companies and Governments would have been great. It's too late now. We couldn't refine our own oil even if we did have enough because this privateering government would have sold it off long ago.
    bobm
    3rd Oct 2018
    10:21am
    Every time the fuel goes up the price of food to the crude oil countries go up. The price of live exports go up to compensate with the cost of oil going up.
    I wonder if this would work.
    Nothing else has, ask the ACCC.
    Can I get the job of the fuel watch director. Money for jam. Do nothing and get paid. Great job
    travelman
    4th Oct 2018
    12:22pm
    The old, old story of petrol prices. ACCC say to shop around for cheaper prices - the regulator does not have a clue - I live in the country, where do I go to find cheaper prices. It's a 'Manyana' government and ACCC that we have in this country, always tomorrow they will fix the problems but in Mexico as in Australia - tomorrow never comes. Well - WE can fix the problem - when we have the elections we can make 'Manyana' today and get rid of this useless government and have a new government that will fix the problems today and also who will wake up 'Noddy' the ACCC.
    Nerk
    8th Oct 2018
    10:56am
    It all boils down to, if there is a war we cannot guarantee supplies so be nice to us. bet that is what the companies say.
    Rae
    9th Oct 2018
    12:42pm
    A full blown war will see us out of fuel in around a month. Whoever thought storage in Singapore a good idea has no idea of history.
    Rae
    9th Oct 2018
    12:11pm
    Not sure there is a bottom of the cycle any more. It seems prices went up for Christmas and stayed up, then for Australia Day, Easter etc and remained up.

    Best bet is to shop around and to walk or bike when you can and starve the greed out of them.
    Knight Templar
    9th Oct 2018
    3:08pm
    Unfortunately Rae, there are many who are elderly, infirm or just live too far away from local shops. Even if public transport is regular and convenient, carrying weekly shopping home on a bus or train (let alone a bike) can be problematic. Using a taxi or Uber is rather more expensive than using one's own vehicle.

    Regrettably, Governments of all persuasions are captivated by the petrol excise and the accompanying GST. It's effectively an invisible tax. Few people are aware of the tax level
    on petrol or that governments (States and Territories benefit from the GST component) earn almost as much per litre as the oil companies and retailers who have to meet all the costs associated with providing fuel to consumers over a huge geographical area.

    In an earlier posting I suggested that retailers should place the 'tax' component on their advertising boards. Not sure if there is a legal impediment to such an action but it would be good to see.
    SuziJ
    13th Oct 2018
    8:39am
    Then why don't they take action against the 'big' fuel companies with co-branded fuel stations? I'm talking about Coles Express & Woolies. Our local Coles Express is $1.669 compared to an independent @ $1.469.

    How can you account for the massive expanse between the prices? Price gouging is the answer.

    Just 2 years ago the Coles Express was $1.269 and the independent was $1.069, and I thought that was expensive!
    Bulla
    14th Oct 2018
    10:42am
    The most competent government in power led by Mopet and Poppet will set everything right, sooner or later?


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