Major Servos Hauled Before ACCC to Justify Price Hikes

Major servos hauled before ACCC to justify price hikes

Some of Australia’s biggest fuel retailers, including Ampol, 7-Eleven, and BP, have been hauled into a meeting with the consumer watchdog.

Consumer watchdog to grill fuel giants and retailers over price surges

Fuel companies should be open and honest about the reasons for such widely varying and rapid increases, said the ACCC. Image: MOUNTAIN/stock.adobe.com Fuel suppliers and retailers have been called in for an urgent 'please explain' meeting today by the Australian Competition and Consumer Commission (ACCC) in the wake of a fuel price surge at the start of the Middle East conflict. The immediate jump in price at the servos ignored the usual seven d…

Petrol retailers challenged in first ACCC price review

Rising fuel prices have been addressed by the Australian Competition and Consumer Commission (ACCC) in its first weekly pricing update since the outbreak of the ongoing Middle East conflict. The update comes after the commission promised it would be “closely watching” any price rises made in response to the strained global oil supply, which has seen oil costs skyrocket. Darwin had the highest average fuel retail prices in Australia’s capital cit…