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Record Petrol Prices at the Bowser in Australia

ACCC chairman Rod Sims: We would love to be able to do something about that, but it’s all run by governments

ACCC chairman Rod Sims: We would love to be able to do something about that, but it’s all run by governments Source: AAP

Motorists are paying $1.2 billion more for fuel per year compared to just three years ago


As costs continue to rise, the government is threatening to punish petrol companies who rip off customers.

Australia's top consumer watchdog says motorists are now paying more than a billion dollars extra at the bowser than they were three years ago.

It's been a pricier year for petrol than usual and frustrated motorists are feeling the pinch.

Over the past month, the cost of petrol surged across the capital cities.

The average price of E-10 didn't drop below $1.34 cents-a-litre, and peaked at $1.67.

Last week, the national average for unleaded cost more than $1.52, while premium prices soared as high as $1.90.

Chairman of Consumer watchdog the ACCC Rod Sims has told 3AW motorists are paying $1.2 billion more for fuel per year compared to just three years ago.

Volatile overseas oil markets and a weak Australian dollar have been blamed for the bulk of recent hikes.

But Peter Khoury, from NRMA, says retailers have exacerbated the bowser woes.


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