Monitoring of the Australian petroleum industry—Report of the ACCC into the prices, costs and profits of unleaded petrol in Australia 2008
Date published:
22nd December 2008
The Assistant Treasurer and Minister for Competition and Consumer Affairs, the Hon. Chris Bowen MP directed the ACCC to monitor the prices, costs and profits of unleaded petrol products for a period of three years and report to him by 17 December each year.
The information presented in this report largely confirms the key conclusions arising from the ACCC’s petrol inquiry in 2007—that is:
Movements in the price of petrol in Australia are overwhelmingly determined by the international price of refined petrol.
The industry is concentrated at the refining and wholesale levels.
There is extensive trading in petrol at the wholesale level between the refinermarketers.
There are impediments to the large-scale importing of petrol by an independent.
There is active price competition at the retail level.
