ACCC petrol price

ACCC’s petrol monitoring report reveals four-year-high

The Australian Competition and Consumer Commission (ACCC) has released it’s latest petrol monitoring report, stating that the average cost of petrol has increased by seven percent over the last three months. According to the report, prices have hit a four-year high across Australia’s largest cities, Sydney, Melbourne, Brisbane, Adelaide and Perth. The report stated that

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ACCC probe into petrol prices

The ACCC will undergo an investigation into Australia’s petrol price cycle. Amid petrol prices hitting a three-year high, the ACCC aims to investigate the price hike after discovering the industry’s profit margins are at an all-time high. Petrol price cycles will be the main focus of the investigation. The investigation is scheduled to begin later

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