Josh Frydenberg (Kooyong, Liberal Party, Treasurer) Share this | Hansard source

I thank the honourable member for his question. The ACCC monitors petrol prices on a daily basis and can take court action in the event that there is uncompetitive conduct. I can inform the member that between 1 March and 10 May this year petrol prices across Tasmania fell by 21 per cent and by 22 per cent in Hobart. As the honourable member knows, petrol prices in Tasmania are typically around 15c higher than the national average. The ACCC has found that is due to higher transport costs, higher operational costs and higher retail margins. On 16 December last year, the government renewed its direction to the ACCC to monitor the prices, costs and profits relating to the supply of fuel products in Australia for a further three years. I would encourage all Australians to shop around and get the best possible deal.

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