Toothless ACCC can't stop the gouge

Brian Mitchell, Federal Labor Member for Lyons, is demanding that the ACCC do its job on petrol prices and protect Tasmanians from being ripped off.

"Yesterday in New Norfolk the price went up from 1.25 to 1.45 in one hit. Is it just me, or is that timing lining up quite nicely with commuters heading back to work today?

 

"My Facebook went off like a frog on a hot rock yesterday when I raised this issue. The wild variation in prices is just unbelievable."

 According to motormouth.com.au prices in Tasmania have hovered around $1.20 to $1.30 a litre for months. But over the same period in Adelaide and Sydney they dropped as low as  $1.06 and $1.08.

"What the hell is going on and where is the ACCC? It's already admitted that petrol profits are going up so what is it doing about it.


"We don't want more "please explain" letters and sham enquiries we want real action from the ACCC."

 

Mr Mitchell said Australian fuel pricing was determined by the Singapore Asia Pacific market price and regionally adjusted by the major fuel companies.

 

"Local petrol stations report in to their head office, which reports in to a central pricing branch, which monitors and sets pricing daily.

 

"The system is highly organised - there is no reason for the wild variations other than gouging and profiteering.

 

"Every day the ACCC can see what the regional price is and compare that with bowser prices and determine whether it's a fair margin. It should not have to be dragged kicking and screaming to do its job.

 

"Tasmanians are sick of paying more than they should for their fuel. If the ACCC is unwilling or unable to do its job, maybe it's time to give the job to a body that will actually protect consumers."