Chalmers puts service stations on notice … again
Now that the fuel exercise cut has ended, the treasurer has told the consumer watchdog to closely monitor service stations to make sure they’re not price gouging.
After the outbreak of war in the Middle East, the government temporarily cut the fuel excise in half. That was then increased slightly last month, saving about 16c per litre at the wholesale price for an extra month. The excise cut ended at midnight on Monday.
The treasurer, Jim Chalmers, says the ACCC will be watching servos and suppliers “like a hawk”.
double quotation markThe regulator will step up its monitoring of fuel price movements. Any price increase that can’t be explained will face serious scrutiny from the ACCC.
We’ve jacked up the penalties for petrol stations that rip off Australians. They face multimillion-dollar fines if they break the law.
Chalmers made the same warning when the fuel excise cut was reduced last month. It’s expected to take a few days for changes to flow through to the bowser.
