The National Roads and Motorists’ Association (NRMA) is calling for an urgent investigation into extended price increases by fuel retailers in Sydney, Melbourne, and Brisbane. Their analysis reveals that these cities have higher fuel prices compared to smaller cities like Darwin, Perth, and Adelaide. The NRMA attributes this to longer fuel price cycles in the major cities, lasting six weeks, compared to a one-week cycle in Perth. The NRMA demands the Australian Competition and Consumer Commission review these fuel-price cycles, highlighting the significant financial burden on motorists in Sydney, Brisbane, and Melbourne.
Extended price rises by fuel retailers in Sydney, Melbourne and Brisbane must be urgently investigated, the National Roads and Motorists’ Association has declared, after its new finding that the three biggest petrol markets are more expensive than the smaller cities of Darwin, Perth and Adelaide.
In Brisbane, a litre costs 13.6¢ more this year than in Perth, while the most expensive fuel was in the nation’s capital, Canberra, at 14.9¢ more than Perth. “Cost of living is going to play one of the biggest parts in determining the outcome of the election, and we know that fuel has been a major factor which has put upward pressure on inflation.
“Sydney in 2019 was the second-cheapest city in Australia; in 2020, it was the third-cheapest city in Australia. In 2018, Melbourne was the third-cheapest city in Australia. So they’ve gone from being in the top three cheapest to being in the top three most expensive,” Khoury said.
Fuel Prices NRMA Competition Consumer Australian Competition And Consumer Commission
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sydney Petrol Prices to Fall While Other Major Cities See Rises Over ChristmasWhile most major Australian cities are expected to see petrol price increases over the Christmas period, Sydney will buck the trend with falling fuel costs. The National Roads and Motorists' Association (NRMA) predicts higher prices in Brisbane and Melbourne, while Canberra will remain stable despite having the highest petrol prices among major cities. The NRMA expressed concern over the slow pace of the price fall in Sydney, urging oil companies to address the issue.
Read more »
Australian Housing Market Slows Down, Sydney and Melbourne House Values DeclineSydney and Melbourne house values are declining, with Sydney experiencing a 0.4% drop last month and Melbourne a 1.2% drop over the past three months. High interest rates and an increase in properties for sale are contributing to the slowdown, with Brisbane and Perth also showing signs of a market retreat.
Read more »
House values tumble in Sydney, Melbourne as economy strugglesHouse values are falling in the nation’s two biggest cities in a sign the broader economy is starting to slow. Prices are also easing in Brisbane and Perth.
Read more »
House values tumble in Sydney, Melbourne as economy strugglesHouse values are falling in the nation’s two biggest cities in a sign the broader economy is starting to slow. Prices are also easing in Brisbane and Perth.
Read more »
Australia’s housing market loses steam with prices falling in Sydney and MelbourneThere were also more houses for sale in the country’s two biggest cities than there had been at this time of year since 2018
Read more »
House values tumble in Sydney, Melbourne as economy strugglesHouse values are falling in the nation’s two biggest cities in a sign the broader economy is starting to slow. Prices are also easing in Brisbane and Perth.
Read more »