US Edition‘Doesn’t Add up’: RACQ Slams Brisbane Petrol Price Hikes as Unfair
- Treasurer Jim Chalmers wrote on Tuesday to ACCC chief Gina Cass-Gottlieb urging vigilance against petrol price gouging amid rising global oil costs.
- This action followed sharp oil price increases from about $62 to $79 per barrel due to Middle East conflicts, with potential spikes above $100 feared.
- Meanwhile, fuel prices in South-East Queensland rose substantially, with unleaded petrol climbing from 160 to a peak of 219.9 cents per litre as RACQ urged motorists to fill up now.
- RACQ's Dr Michael Kane said the market is in a price hike phase, calling recent spikes unjustified, while Malaysian Tapis last traded at $77 a barrel and is expected to rise.
- The Queensland Government is considering RACQ proposals to regulate fuel prices, aiming to prevent further unfair hikes and protect consumers amid volatile global conditions.
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Servos urged not to price gouge after oil price hike
Service station owners have been put on notice not to take advantage of customers due to volatile fuel prices caused by conflict in the Middle East. Treasurer Jim Chalmers has written to the Australian Competition and Consumer Commission calling for the watchdog to monitor for potential price gouging at the bowser by operators. Petrol prices have been fluctuating following uncertainty in the Middle East with Iran and Israel trading air strikes a…
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Total News Sources11
Leaning Left2Leaning Right3Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 33%
C 17%
R 50%
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