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Coles Express most expensive petrol

Difference between each major retailer’s annual average E10 price and the market annual average E10 price in Sydney in 2017. Source: ACCC

A report by the Australian Competition and Consumer Commission (ACCC) has revealed Coles Express is charging motorists, on average, more for their petrol than any other retailer.

Following a request last year by Treasurer Scott Morrison, the ACCC began to investigate pricing within the petrol industry.

The report showed that Coles is charging up to nine cents a litre more in capital cities than independent retailer, 9news.com.au reported.

It also averages four cents per litre more than Woolworths.

ACCC Chairman Rod Sims told News Corp: “I was surprised that Coles and BP would be that much higher priced than Woolworths, 7-Eleven and United”.

“Those differences are huge — we are talking up to 9c/L,” Mr Sims said.

A spokesperson for Coles defended the company: “In addition to the 4c-per-litre discount voucher received when spending at least $30 in Coles supermarkets, customers can save 10c per litre by spending a minimum $20 in Coles Express stores”.

“The discounts can be used separately or combined to save a total of 14c per litre,” the spokesperson said.

According to 9news.com.au, in Sydney, Speedway petrol stations are the cheapest and in Melbourne it is United, 7-Eleven, Woolworths and smaller independents all charged below the average of $1.28.

“Adjusting buying habits can save motorists a lot of money,” Mr Sims said.

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