Fuel price lock introduced in Northern Territory

NT locks fuel price - Prime Mover Magazine

An iconic Australian roadtrain travels along the Plenty Hwy near Alice Springs in the Northern Territory. Image: FiledIMAGE/stock.adobecom.From 21 April, fuel retailers in the Northern Territory cannot increase published prices for 24 hours, though they may lower them, under new rules aimed at improving certainty at the bowser. The change amends Regulation 5 of the Consumer Affairs and Fair Trading Regulation 2017 and introduces stricter reporti…

Northern Territory introduces fuel price lock - Trailer Magazine

Image: Alexander/stock.adobe.com.The Northern Territory Government has introduced a 24-hour fuel price lock-in for consumers. The measure will look to provide certainty by ensuring fuel prices remain fixed for a full 24-hour period after they are published, while also allowing retailers to reduce prices during that time if they choose to do so. On 20 April 2026, Regulation Five of the Consumer Affairs and Fair Trading (Fuel Retailers) Regulation…

Fuel price lock introduced in Northern Territory

Image: Keitma/stock.adobe.comA fuel price lock has come into effect in the Northern Territory, introducing new rules to improve price transparency and stability for motorists and businesses. Under the changes, fuel retailers must now hold their published prices for a full 24-hour period, preventing increases during that time while still allowing prices to fall. The measure forms part of a broader response to fuel price volatility, particularly a…