The Queensland government has announced plans to lower fuel prices, which includes establishing 12 publicly owned fuel stations.
Queensland Premier Steven Miles says tackling cost-of-living pressures is his number one priority, with the price of fuel a particular “sticking point” for Queensland households.
The state government’s plan to establish 12 publicly owned fuel stations is hoped to deliver greater competition.
The publicly owned fuel stations will operate on a cost recovery basis. They will sell petrol and diesel alongside electric vehicle fast chargers.
The 12 initial sites will be determined by the government, based on where competition is most needed across the state. The state government will work with stakeholders, including independent retailers.
“The household budget of Queensland families is the most important economic yardstick for me,” says Mr Miles.
“The costs associated with owning and driving a car can add up. But most Queenslanders, especially in the regions, need a car to get around, drop the kids at school or to do their work.
“It’s not a simple issue to fix. We don’t control global oil prices, and we can’t force privately owned petrol retailers to charge less at the bowser, but a government I lead will do whatever we can to bring petrol prices down.
“Currently, when you fuel up your car, you’re sending money offshore to big multinationals.
“Publicly owned fuel stations will charge a fair price for fuel, increase competition, and ensure Queenslanders have more choice when it comes to filling up.”
A re-elected Miles government will also take on the multinational oil companies by:
- Banning fuel stations from raising the price of fuel more than once a day
- Requiring petrol stations to release price changes a day in advance
- Working with RACQ to trial a daily limit on increases in petrol prices, to no more than 5¢ a litre
- Using planning call-in powers and access to publicly owned, Transport and Main Roads land to provide a more level playing field for independents and small retailers that are charging Queenslanders less for petrol
