Tag: Rod Sims

ACCC says 86% of fuel price outside of the control of retailers

The ACCC has released its Quarterly Report on the petroleum market for the December 2021 quarter and has taken the opportunity to explore both the report findings and the current fuel price...

October petrol prices hit seven-year high

Daily petrol prices on a seven-day rolling average basis in Sydney, Melbourne, Brisbane, Adelaide and Perth increased to 172.4 cents per litre (cpl) at the end of October 2021, the ACCC’s latest...

2020-21 petrol prices lowest in two decades

Average retail petrol prices in 2020-21 in Australia’s five largest cities were the lowest in 22 years in real inflation adjusted terms, according to the ACCC’s latest petrol monitoring report. The report looks...

Petrol prices rise due to international crude oil prices

Higher petrol prices in Australia’s largest capital cities in March 2021 quarter, has occurred due to cuts in oil production by the OPEC cartel and other big producers. This is in combination with...

ACCC will not oppose Woolworths acquiring 65% share of PFD

MEDIA RELEASE 10.06.2021 The Australian Competition & Consumer Commission (ACCC) will not oppose Woolworths’ (ASX: WOW) acquisition of 65 per cent of the shares in wholesale food distributor PFD Food Services, following a...

ACCC consults on proposed Woolworths undertaking for PFD acquisition

MEDIA RELEASE 11.05.2021 The ACCC is seeking views on a proposed undertaking offered by Woolworths and PFD Food Services in relation to Woolworths’ proposed acquisition of 65% of PFD. In response to the ACCC’s...

Petrol prices ended bumpy year slightly lower as demand rebounded

MEDIA RELEASE 04.03.2021 Petrol prices in Australia’s five largest cities stabilised at the end of 2020 after an unpredictable year and petrol sales volumes continued to recover from their earlier pandemic-driven slump. That’s according...

Lower gas prices may not last

Triggered by the Covid-19 pandemic, gas prices fell significantly. While lower prices are providing some relief to manufacturers and other gas users on Australia’s east coast, prices were still higher than export parity,...
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