Fuel

Australian motorists benefit from a decrease in petrol prices

The Australian Competition and Consumer Commission’s eighth report into the Australian petroleum industry has revealed a decrease in petrol prices in the quarter ending September 2016.

Petrol prices in the five largest cities (i.e. Sydney, Melbourne, Brisbane, Adelaide, and Perth) decreased by 3.8 cents per litre (cpl) in the September quarter 2016 to 114.2 cpl. This is lower than the 118.0 cpl of the previous quarter and was 7.5 cpl lower than the annual average of 121.7 cpl in 2015-16.

Quarterly report on the Australian petroleum market – September quarter 2016

The eighth quarterly report under the petrol monitoring arrangements announced by the then Minister for Small Business, the Hon. Bruce Billson MP, in December 2014.

Armidale petrol market has not had sufficient competition

A lack of competition has led to consistently high prices in the Armidale petrol market, according to the Australian Competition and Consumer Commission's latest regional petrol report.

“Armidale motorists have been paying on average around 8 cents per litre more than motorists in the five largest cities. Prices in Armidale have also been consistently higher than in smaller surrounding towns such as Glen Innes and Inverell” ACCC Chairman Rod Sims said.

Report on the Armidale petrol market

The third market study report under the petrol monitoring arrangements announced by the then Minister for Small Business, the Hon. Bruce Billson MP, in December 2014.

2015–16 retail petrol prices at lowest levels in 14 years but retail margins at their highest

The Australian Competition and Consumer Commission’s latest report on the Australian petroleum industry shows that average petrol prices in 2015–16 were at their lowest levels since 2002. However, gross retail margins also increased to their highest levels, indicating that the full benefits of lower international crude oil and refined petrol prices are not being passed on to motorists.

ACCC report finds that retail petrol prices in the March quarter 2016 were at their lowest levels in 17 years

The Australian Competition and Consumer Commission’s sixth quarterly report on the Australian petroleum industry shows that petrol prices decreased significantly in the March quarter 2016.

The average petrol price in the five largest cities (i.e. Sydney, Melbourne, Brisbane, Adelaide and Perth) in the March quarter 2016 was 111.0 cents per litre (cpl), which was 13.4 cpl lower than in the previous quarter and 22.2 cpl lower than in the September quarter 2015.

Quarterly report on the Australian petroleum industry - December quarter 2015

The fifth quarterly report under the petrol monitoring arrangements announced by the then Minister for Small Business, the Hon. Bruce Billson MP, in December 2014.