Like most consumer goods in Australia, competition in the market determines the price we pay for fuel. The ACCC does not set fuel prices, but it does closely monitor the retail prices of unleaded petrol, diesel and automotive LPG in Australia’s capital cities and in around 150 country towns. The ACCC uses this information to examine the competitiveness of retail fuel prices in the interests of consumers.
Where there is sufficient evidence that a business has misled or behaved in an anti-competitive way to the detriment of consumers, the ACCC can take action in the courts, under the Competition and Consumer Act 2010 (CCA). The ACCC has taken action against businesses to protect consumers where there has been evidence of illegal conduct in the Australian fuel industry.
The following operational information contains further details on the work of the Fuel Branch.
Monitoring of the Australian petroleum industry—Report of the ACCC into the prices, costs and profits of unleaded petrol in Australia
The Minister for Competition and Consumer Affairs directed the ACCC to monitor the prices, costs and profits of unleaded petrol products for a period of three years and report to him by 17 December each year.