The Australian – Business Review
THE gap between prices paid for petrol in the bush compared with the city rose up to tenfold in the second half of last year, even as city prices fell 23 per cent.
In a report released today by the Australian Competition and Consumer Commission, big-city averages from July to January fell about 35c to about $1.10 a litre.
Over the same period, the premium paid in the bush increased from 5.7c a litre to 17c.
The differences in some country cities was even greater as shown by the likes of Coffs Harbour in NSW, where the premium jumped from 2.5c a litre to 20.2c, and in Townsville from 2.1c a litre to 20.2c, against an average for last financial year of 4.3c.
ACCC boss Rod Sims noted that petrol prices were important because each extra cent per litre cost consumers at least $200 million a year…
To read the full article – Click here
07 3219 4466