Independent Senator for South Australia Nick Xenophon writes:
I am calling for urgent action from the new Petrol Commissioner after it was revealed retail petrol prices have fallen less than 14 cents a litre, even though world oil prices have dropped by $50 a barrel - the equivalent of 57 cents a litre.
These oil companies use spikes in world oil prices to justify putting retail prices up. But when world oil prices fall, the oil companies keep their retail prices sky high.
According to media reports today, if retail prices had fallen in line with world oil prices, Australian motorists would be paying less than a dollar a litre. Currently the price is around $1.50 a litre.
Australian motorists have a right to be angry about this. The Petrol Commissioner, Joe Dimasi [pictured] , and the ACCC need to take these companies to task as a matter of urgency. We must have greater transparency.
I have requested an urgent meeting with the Petrol Commissioner to discuss this issue and to push for an overhaul of the wholesale marketing of petrol in Australia.
We need to end the cosy relationship between the oil companies at the wholesale level. That’s where the real savings for consumers are.
Petrol companies should not be allowed to pump motorists for outrageous profits at a time when millions of Australians are facing the hardest economic conditions of their lives.
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Tags: ACCC, Dimasi, Fuel Prices, Joe, Nick Xenophon, Petrol Commissioner
Australians in general are starting to ask what the organisations like ACCC and ASIC are actually doing.
It appears that they are charged with goals that they don’t actualy achieve; or they are “controlled” like so many other organisation who are supposed to protect the man in the steet.
Why do we have these organisations who fail to achieve their goals in the “system”? Do they exist just to give the perception of fair play?
Mr Rudd mentioned greed in his television interview last night. Well: he can take the first step and unleash the ACCC and ASIC, and control one of the worst greeds we have in society today; corporate greed!!