Nationals Leader Michael McCormack has strongly criticised petrol companies for failing to pass on price drops to regional customers.
The COVID-19 pandemic is having a significant impact on the Australian economy and every motorist in regional Australia deserves price relief, Mr McCormack said.
As not only Deputy Prime Minister but also Minister for Transport, Infrastructure and Regional Development, Mr McCormack welcomed the strong rhetoric of Australian Competition and Consumer Commission Chairman Rod Simms on the issue.
“With world oil prices plummeting to just over $20 per barrel, regional, rural and remote Australians must receive the benefits of lower prices at the bowser,” Mr McCormack said.
“Too often, regional motorists bear the brunt of higher fuel prices and I’m making it clear the Government expects retailers to make things right and pass savings on immediately.
“I am pleased the ACCC has said fuel prices above 130 cents per litre are inappropriate and they are closely monitoring the situation.
“The Federal Government will continue to watch the actions of fuel retailers in regional areas very closely and we encourage the community to name and shame retailers doing the wrong thing.”
The Federal Government will ensure the ACCC continues to apply pressure to retailers to adjust prices at the bowser in line with movements in international oil prices.
Local competition is important, especially in regional areas, with the action of one retailer often leading to others following. The Government is calling on all retailers to step up, be industry leaders and play their part in making sure regional Australia gets to the other side of the pandemic.
Motorists should follow pricing apps such as Fuel Check NSW and take advice from motoring bodies including the NRMA for advice on when and where to fill up most cheaply.
145.9c per litre (Bourke NSW – 757km from Sydney CBD)
113.9c per litre (Riverwood NSW – 26km from Sydney CBD)
146.9c per litre (Narromine NSW – 433km from Sydney CBD)