Fuel prices

Victorian Parliament asked to investigate fuel prices

01 September 2016

Thursday 1 September 2016

Fuel pricing in regional Victoria is back on the agenda after The Nationals proposed an inquiry in the Victorian Parliament this week.

The inquiry will be conducted by the Law Reform, Road and Community Safety Committee and will examine the discrepancies in fuel pricing across Victoria and the effects on regional communities.

Member for Euroa and Deputy Leader of The Nationals Steph Ryan said the inquiry would be welcomed by many across the Euroa electorate.

“Inconsistencies in the price of fuel, particularly in towns such as Benalla and Euroa, has been an issue for many years now,” Ms Ryan said.

“In some areas in the Euroa electorate people often pay 20 cents more per litre than in other parts of the state.

“The average price of fuel in Benalla over the past seven days has been 118.7 cents per litre and in Euroa 119.4 cents per litre.  In contrast the price in Geelong has averaged 103.1 cents per litre.

“The Nationals initiated this inquiry after many people raised concerns with us over the high price of fuel,” Ms Ryan said.

Ms Ryan said the inquiry would investigate a number of issues associated with fuel pricing which would include but not be limited to:

  • Pricing methodology for unleaded, diesel and LPG fuels in regional Victoria;
  • Why significant pricing discrepancies occur in some regional communities when compared to metropolitan areas and many other regional communities;
  • Best practice approaches and initiatives in other Australian states and territories, with a view of reducing fuel prices;
  • Technology and tools that may enable motorists to compare fuel prices;
  • The experiences and pricing impact upon families, businesses and industry; and
  • Regulatory and legislative barriers that may influence fuel prices

“High fuel prices are a double whammy. Not only is it more expensive to fill up but without access to public transport, people have no choice but to drive,” Ms Ryan said.

“I hope the inquiry will help us find a way to overcome some of the inconsistencies our communities face when they buy fuel.”

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