Australia: 7-Eleven in mediation with ACCC over petrol price service

7-Eleven revealed on Wednesday it was in mediation with the competition watchdog over its subscription to petrol price information sharing service Informed Sources, the same day Coles Express made public its decision to quit the service from April next year.

A spokesman for 7-Eleven said mediation was just one of the options available to the retailer and that matters in relation to the court proceedings remained “on foot”.

7-Eleven, which is currently mired in a worker exploitation scandal, earned almost $200 million from fuel sales from its network in the past financial year.

Informed Sources provides real-time fuel price updates from participating retailers and a platform for the competing vendors to signal their price intentions to each other, according to the Australian Competition and Consumer Commission.

The ACCC alleges theses “arrangements have the effect of likely effect of substantially lessening competition in markets for the sale of petrol in Melbourne”.

Full content: The Financial Review

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