The 22 cpl temporary reduction in fuel excise on the wholesale price of petrol is set to end from 29th Sept. The ACCC has a role to play on behalf of consumers. It has been reminded that the excise is on the wholesale cost of fuel and not the retail. Hence fuel stored in servo tanks on the 29th should still be sold at a lower price until stocks are used up.
The petrol companies are no strangers to being watched. Perhaps the reminder from government has come too late? Perhaps the fuel companies have a cunning plan?
It’s not yet the 29th. A preemptive move by the petrol companies, or just business as usual? The difference up to 40 cpl Friday afternoon. In one instance personally observed the same chain priced U91 153.9cpl (I took advantage) if heading south or 3km down the road heading north 193.9cpl. Just out of the PetrolSpy screen shot but evident from their competition.
Are the large chains already adjusting their pricing in part to avoid the ACCC being able to take any action based on an undue increase on the 29th Sept? Hopefully the ACCC is doing more than just watching. Certainly the leader of the Opposition in the Federal Parliament will be well aware. He lives just over the hill.
Will any in Federal Parliament even notice?
