Biofuels, such as ethanol blended fuels and biodiesel, are made from vegetable and animal products. The ACCC monitors developments in the biofuels market.
Petrol prices are determined by several overseas and local market forces. While the ACCC does monitor petrol prices, we do not set or control them.
The ACCC does not set fuel prices. Fuel prices are determined by the market. Our primary role is to prevent anti-competitive conduct, such as price fixing or collusion, to protect consumers.
The Oil Code regulates the conduct of suppliers, distributors and retailers in the petroleum marketing industry. Declared petroleum products include unleaded petrol and certain other products (e.g. blend of unleaded petrol and ethanol).
While price cycles usually operate in regular patterns, the cheapest and most expensive days to buy petrol change from cycle to cycle.