Australian petrol retailers have been accused of price gouging by motoring groups NRMA and RACQ as fuel costs surged following the US-Israel conflict with Iran, with Sydney motorists paying up to 25 cents more per litre than before the conflict began. Treasurer Jim Chalmers has asked the Australian Competition and Consumer Commission to monitor for profiteering, though the regulator noted that fuel prices are market-determined and international benchmark changes typically take seven to ten days to reach service stations.
Otto Beta
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Australian petrol retailers have been accused of price gouging by motoring groups NRMA and RACQ as fuel costs surged following the US-Israel conflict with Iran, with Sydney motorists paying up to 25 cents more per litre than before the conflict began. Treasurer Jim Chalmers has asked the Australian Competition and Consumer Commission to monitor for profiteering, though the regulator noted that fuel prices are market-determined and international benchmark changes typically take seven to ten days to reach service stations.