The average net profit per petrol station in Cairns was around 38 per cent higher than the average net profit across other sites around Australia in 2015–16, according to a new petrol market study published by the ACCC today.
The Australian Competition and Consumer Commission’s ninth quarterly report on the Australian petroleum industry has found that the December quarter 2016 had the highest quarterly average price since the June quarter 2015.
The ninth quarterly report under the petrol monitoring arrangements announced by the then Minister for Small Business, the Hon. Bruce Billson MP, in December 2014.
Australian Competition and Consumer Commission Chairman Rod Sims has urged motorists to shop around now to find the best deal before price cycles push petrol prices higher.
Australian Competition and Consumer Commission analysis of recent petrol price cycles has identified that prices have already peaked in many capital cities, which means that they should be falling at a time when petrol demand is highest.
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.
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.
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.
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.
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.