4KQ 693AM
Good Times & Great Classic Hits

Now Playing:

Listen on

Queensland To Introduce Petrol Price Monitoring Trial

Petrol stations will be forced to participate in a real-time price monitoring trial in Queensland.

The state government has acted after months of pressure on the issue by the opposition Liberal National Party and the RACQ.

"The two-year trial will ensure that more current data is available to motorists and will not disadvantage small, independent retailers," Natural Resources Minister Anthony Lynham told parliament on Tuesday.

The trial will require retailers to publish fuel prices online, within 15 minutes of any change, and will also include safeguards against price fixing.

But the minister has suggested it may not drive down prices, citing a Griffith University report that found similar schemes in NSW and the Northern Territory had not necessarily achieved that.

"For metropolitan Queensland, the report says a similar scheme implemented in Brisbane may have a less significant downward impact on retail prices compared to the observed impact in Sydney," Dr Lynham said.

"In regional Queensland the study says results for NSW and regional Northern Territory suggest that such a scheme will have either negative or upward impact on the average monthly retailed unleaded fuel prices."

The minister said a national approach on fuel pricing was needed.

"We are prepared to stand up for Queensland motorists, it's time the federal government did their bit as well," he said.

LNP leader Deb Frecklington said Premier Annastacia Palaszczuk should have acted sooner.

"A real leader would have been done it months ago," she tweeted.


Share this: