A fuel pricing monitoring system will be trialled in Queensland, the state government has announced.
Energy Minister Dr Anthony Lynham revealed on Tuesday that a working group with industry stakeholders, including the RACQ, will be established to oversee the implementation of the system.
“We know Queensland motorists are rightly concerned about high fuel prices,’’ Energy Minister Dr Anthony Lynham said today.
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“While the primary responsibility for fuel pricing remains with the Federal Government and ACCC, the Palaszczuk Government is prepared to do whatever it can to assist Queensland motorists.’’
Dr Lynham said a two-year trial would ensure that more current data is available to motorists and will not disadvantage small independent retailers.
“All fuel retailers will be required to collate and publish their latest prices online, on their own websites and their own apps, within 15 minutes of any change,” he said.
“The system will be required to have in-built safeguards against retailers’ price fixing and not inflict unnecessary red tape.”
Dr Lynham said the Government had studied reports from Griffith University and the RACQ on fuel price monitoring.
“While the reports provide differing views, we have determined that a two-year trial of fuel pricing monitoring should take effect in Queensland as soon as possible,” he said.
RACQ supported the Governments announcement on Tuesday, stating a two-year trial of real-time petrol price reporting was a “huge win for Qld motorists”.
“Today’s announcement means every Queensland driver will be able to find out the price of fuel at every servo every 15 minutes – it’s a huge win,” RACQ spokesperson Paul Turner said.
“Lower fuel prices start with increased competition, but you can only take advantage of the cheapest prices if you know where to go – this real-time system will deliver that to motorists.”