ACCC RESPONSE TO PETROL PRICES ON THE CENTRAL COAST

ACCC RESPONSE TO PETROL PRICES ON THE CENTRAL COAST Main Image

16 January 2024

In November 2023, the Federal Member for Robertson, Dr Gordon Reid MP, wrote to the Australian Competition and Consumer Commission (ACCC) concerning the disparity in petrol prices across the Central Coast, and between regions in NSW.

A response has been received and details reasons for why motorists in the region pay higher petrol prices, according to the ACCC.

Federal Member for Robertson, Dr Gordon Reid MP, says the response from the ACCC is underwhelming.

“The ACCC has provided an underwhelming bureaucratic response to my representations about petrol prices on the Central Coast.

“The ACCC have listed several reasons for why petrol prices are higher in the region, namely lower levels of competition, geographical reasons, and prices for international refined petrol.

“The response fails to mention why the big oil corporations are charging Central Coast motorists higher petrol prices, with significant disparities between service stations.

“I will be referring this response from the ACCC to the Minister for Financial Services and the Assistant Minister for Competition, Charities and Treasury, to request their advice on this issue.

“I will also be writing to the big oil corporations that operate services stations across the Central Coast and asking them to explain why we continue to have higher petrol prices.

“I will continue to represent my community on this issue and will not give up where others have”, Dr Reid said.

For a copy of the response from the ACCC, click here.

ENDS