Business

ACCC wants national petrol approach

A NATIONAL approach to fuel price boards is needed to stop drivers being misled, according to Australian Competition and Consumer Commission chairman Rod Sims.

Mr Sims used his address to the Australasian Convenience and Petroleum Marketers' Association annual conference to speak about the issue for the first time.

"Concerns have been raised that the prominent display of discounted petrol prices on fuel price boards may be misleading consumers," Mr Sims said.

"The ACCC can also see that this is an issue for consumers and we recommended that consideration be given to a national approach to fuel price boards under the Australian Consumer Law."

Mr Sims revealed the Policy Research Advisory Committee was in the process of developing a national standard for fuel price board information.

This process was a long way from being finalised, Mr Sims said, and no decisions would be made without first consulting industry stakeholders.

He said the PRAC was looking at the steps taken in New South Wales to introduce a petrol price board standard from next year.

"A feature of the proposed NSW standard is the requirement to display undiscounted prices, and no other price per litre, on price boards," he said.

Mr Sims told the conference the ACCC received about 1000 complaints about petrol every year.

A number of those calls also related to prices being higher in regional and rural areas.

Figures show petrol was four cents per litre higher in the country during 2010-11.

"Some calculate that this difference is higher than the cost of transport from the city to country areas, and they are usually right," he said.

"But prices will also reflect lower petrol country or convenience store sales and so economies of scale, and also less competition in country areas."

Topics:  accc, petrol




Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Grafton schools rally behind Gonski funding

Staff from Grafton Public and High School, Westlawn Public School and Induna School joined community members at Grafton Public School to hear the President of the Australian Education Union Correna Haythrope talk about Gonski.

The Gonski billboard visited Grafton schools and teachers.

Seven kilos of cannabis, 450 plants found on Lawrence farms

Farmer and his neighbour sentenced for drug cultivation

OUR SAY: Pyne’s low-speed ambition a short-sighted vision

Australian Minister for Industry Christopher Pyne reacts during House of Representatives Question Time at Parliament House in Canberra, Thursday, May 5, 2016. (AAP Image/Sam Mooy) NO ARCHIVING

Federal Innovation Minister tells us we don't need high speed NBN

Latest deals and offers

Men's Shed possum boxes

(back l-r) David Abrahams, Frank heppell, Warren Moss, Kevin Wtkins and (front) Darcy Knight with some of the possum boxes the Grafton Men's Shed are making for the new highway construction.

Grafton Men's Shed members have made 65 possum boxes for Eco Logical Australia to...

Schools rally behind Gonski

Staff from Grafton Public and High School, Westlawn Public School and Induna School joined community members at Grafton Public School to hear from the President of the Australian Education Union Correna Haythrope talk about Gonski.

Teachers, principals and community members met at Grafton Public School this...

How to peel a potato fast

There is a fast way to peel potatoes.

You've been doing it wrong all this time.

Perfect time to invest in Northern Rivers property

The Northern Rivers rental market is tighter than Sydney making it the perfect time for investors to get better returns out of property than superannuation or banks deposits.

Low interest rates and tight rental market are prime time to invest