Newspaper article The Northern Star (Lismore, Australia)

Petrol Prices Spark Fight; Retailers and NSW Government Play Blame Game over What Is Driving Up Costs

Newspaper article The Northern Star (Lismore, Australia)

Petrol Prices Spark Fight; Retailers and NSW Government Play Blame Game over What Is Driving Up Costs

Article excerpt

Byline: Chris Calcino APN Newsdesk

FUEL WATCH

Average daily unleaded prices for yesterday:

Sydney 107.7

Casino 115.1

Tweed Heads 119.7

Grafton 121.2

Coffs Harbour 121.5

Lismore 122.4

Murwillumbah 129.4

Ballina 130.6

FUEL retailers have slammed reports of New South Wales petrol prices being artificially increased, arguing over-regulation of the state's petrol industry is driving up costs.

Labor Senator Sam Dastyari this week said Sydney drivers were paying $470 more a year for the same fuel as those in Melbourne because "companies in Melbourne were taken to court".

He told ABC savings were not being passed on to NSW consumers because of "cartel-like behaviour".

But Australasian Convenience and Petroleum Marketers Association chief executive Mark McKenzie said the NSW Government's tough regulations were to blame.

And things were about to get worse, he added.

"We openly acknowledge that the retail fuel price cycle works on the basis of a sharp increase in prices, followed by a slow decline in prices as individual retailers seek to slightly better the prices offered by their competitors," Mr McKenzie said. …

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