A PYMNTS Company

Australia: ACCC to probe high petrol prices

By  |  March 10, 2015

The Australian Competition and Consumer Competition says it will investigate petrol prices in Darwin because of persistently high fuel costs in the Northern Territory’s capital city.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Annual average retail petrol prices in Darwin in 2013-14 were almost 20 cents higher than in the five largest capital cities.

    The ACCC announced the inquiry on Tuesday, saying it would seek to ‘explain each component of the prices paid at the bowser’ in the city.

    “Petrol prices in Darwin are among the highest in Australia,” ACCC chairman Rod Sims said in a statement.

     

    Full Content: ABC News

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.