News

Petrol Marketing Reforms Welcomed

20.7.1998

The reform package for the petrol industry announced by the Federal Government should lead to greater competition and lower pump prices, particularly in country areas, according to the Australian Automobile Association.

 

Welcoming the announcement, the Triple A’s Executive Director, Lauchlan McIntosh, said today that motoring organisations had been advocating deregulation of the industry and other changes in petrol pricing policy for some time.

 

The reforms had also been supported by the Australian Competition and Consumer Commission and oil companies (see the attached winter 1998 issue of Motoring Directions).

 

"The current regulatory framework is complex, inefficient and unfair." Mr McIntosh said. "Most importantly, it is not open to scrutiny in country areas.

 

"The move to a more transparent system where competition is the mechanism for price setting should benefit motorists."

 

He said motoring organisations would expand their petrol price monitoring to ensure that the anticipated benefits from the reforms were realised.

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