News

Motorists support fuel market court action

20.8.2014

The peak national motoring body, the Australian Automobile Association (AAA), strongly supports the court action taken by the consumer watchdog in relation to price sharing information in the fuel market and is concerned motorists may have been paying too much.

“Motorists strongly support the legal action taken by the ACCC,” AAA Chief Executive Andrew McKellar said.

“The allegations of coordinated price sharing amongst fuel retailers are deeply concerning and should be examined thoroughly,” he said.

“Going forward, it is essential that motorists have access to current or real-time fuel price information so they can make informed choices about where and when to fill up,” Mr McKellar said.

The ACCC has instituted proceedings in the Federal Court, alleging a number of companies have breached the Competition and Consumer Act 2010 (Cth) in relation to fuel price information sharing.

“It is of particular concern that the ACCC has alleged the decrease in competition means ‘consumers may be paying more for petrol as a result’,” Mr McKellar said.

“Fuel costs are ranked by motorists as the top concern in terms of vehicle affordability and with increasing pressures on household budgets this will continue to grow,” he said.

“Motorists deserve to be able to pay a fair price for fuel and know the market is as competitive as it can be,” he said.

 …ends.

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