Liberals will bring down cost of petrol with real-time fuel tracking

A Canberra Liberals Government will trial real-time petrol pricing to help bring down Canberra’s out of control petrol prices, Canberra Liberals Leader Alistair Coe said.
“Canberra is the most expensive place in Australia to buy fuel,” Mr Coe said.
“We’re being ripped off and the current government refuses to take action.”
In 2001, the Independent Competition and Regulatory Commission recommended the introduction of a public information system to monitor petrol prices. But Labor has repeatedly refused to take action.
The average price for unleaded petrol in Canberra is around 145.9c per litre compared to 125.2c per litre in NSW (as of 21 January 2019). In Belconnen it’s 146.4 per litre compared to 112.5 in Bowral – that’s 33c per litre more.
“We don’t believe it’s fair that Canberrans have to pay 20 – 30c more per litre than other Australians.
“That may mean Canberrans are paying about $20 more than the rest of the country to fill up the tank. We need to make petrol more affordable for all Canberrans.
“A Canberra Liberals Government will trial real-time monitoring of fuel prices to improve transparency of the system and encourage healthy competition among retailers.
“Petrol retailers will be required to report changes to fuel prices by 6am every morning.
“After fuel prices have been locked in, they will not be allowed to rise in a 24 hour period.
“Other jurisdictions that have introduced real-time price checking such as NSW or WA clearly have a more affordable fuel market.
“A real-time fuel watch will help make Canberra’s fuel market more stable, predictable and transparent. This is a simple step that could make a real difference in people’s lives,” Mr Coe said.
Mr Coe will write to the Australian Competition and Consumer Commission to request an investigation into Canberra’s petrol prices.