High petrol prices blamed on rich oil nations

Morrison Puts Price Gauging Petrol Stations on Notice

If you’ve filled up your petrol tank lately, you likely left the servo a lot poorer than you expected. Prices in some Victorian petrol stations topped $1.69 per litre over the weekend.

That’s not good news for cash strapped consumers or the Aussie economy at large.

With this in mind, Scott Morrison has demanded the petrol sector act in the best interests of consumers.

As the AAP reports, Morrison’s government continues to wave a ‘big stick’ at energy providers. But now he’s added the fuel industry to his watchlist, as petrol prices across Australia continue to rise.

Speaking to reporters in Canberra yesterday, Morrison said, ‘It’s in the hands of the fuel companies to do the right thing by their customers and the ACCC and I will be watching very, very carefully’.

 PS: Do high income earners pay too much tax? Click here to have your say.

Bernd Struben

Bernd Struben

Bernd Struben is the lead editor at The Australian Tribune. Bernd makes use of his extensive network to bring you the top stories you need to know about each day. Stories the mainstream may miss. Or bury somewhere you’re unlikely to ever read them. Bernd studied aerospace engineering and journalism at the University of Michigan, before graduating with a degree in economics. Over the past two decades he’s worked in media, management, and finance in the US, the Caribbean, Europe, and Australia. His other role, as the editor of the Port Phillip Insider, puts him in a unique position to read Australia’s most exclusive financial advice. Some of which he shares with readers of The Australian Tribune for free.
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  1. Just a query but who makes more money per litre the oil company after costs or our motorist dependant government. WHO are they to talk