Feds, ACCC promise watch on fuel prices

The Federal Government and ACCC say they're watching regional fuel prices to ensure savings are being passed on at this time.

Deputy Prime Minister and our Member for Riverina Michael McCormack welcomed the strong rhetoric of Chairman Rod Simms and the Australian Competition and Consumer Commission (ACCC) in tackling this issue.

The Federal Government and ACCC say they're watching regional fuel prices to ensure savings are being passed on at this time.

The Federal Government and ACCC say they're watching regional fuel prices to ensure savings are being passed on at this time.

"With world oil prices plummeting to just over $20 per barrel, regional, rural and remote Australians must receive the benefits of lower prices at the bowser," Mr McCormack said.

"I am pleased the ACCC has said fuel prices above 130 cents per litre are inappropriate and they are closely monitoring the situation.

"The Federal Government will continue to watch the actions of fuel retailers in regional areas very closely and we encourage the community to name and shame retailers doing the wrong thing.

"Too often, regional motorists bear the brunt of higher fuel prices and I'm making it clear the Government expects retailers to make things right and pass savings on immediately."

The Federal Government will ensure the ACCC continues to apply pressure to retailers to adjust prices at the bowser in line with movements in international oil prices.

Motorists should follow pricing apps and take advice from motoring bodies including the RACQ and NRMA for advice on when and where to fill up most cheaply.