News

MP calls on ACCC to launch inquiry into petrol prices

Kevin Farmer

A TWENTY cent difference between the price of unleaded petrol at Casino and Ballina has prompted Page MP Kevin Hogan to call on the Australian Competition and Consumer Commission to launch an inquiry.

Mr Hogan wrote to the ACCC this week asking it to investigate why local petrol prices were well above the average of both Sydney and Brisbane.

He said while crude oil prices had fallen 20% this year to about $28 a barrel and were almost at a 15-year low, the cost wasn't being passed on to consumers.

"There are two issues that I see here. One is the absolute fall in relative petrol prices," he said.

"You have the price in Sydney, which is $1.05 as an average on Thursday, and at Casino, I think it was quite reasonable at $1.08, but residents in Ballina are paying too much.

"Obviously there are transport costs to get fuel to the Northern Rivers but there shouldn't be such a difference in price compared to Sydney."

Mr Hogan said the second issue was the price difference locally.

"How can you have $1.08 in Casino, $1.20 in Lismore, $1.30 in Ballina and have these great variations in price in our region?" he asked.

"It's like one of the great mysteries of the world and the ACCC have to get to the bottom of this because if there is collusion it's not okay."

The NRMA said the average price for unleaded fuel in Lismore on Thursday was $1.21.3 per litre, which should fall to $1.15 in coming weeks.

NRMA North Coast director Wendy Machin said there was "no reason why falling world oil prices should not be passed on to regional motorists".

"This year both the NSW Government and the ACCC will oblige service stations and the major retailers to display their prices in real time online," Ms Machin said. "This follows years of NRMA lobbying for just such a measure.

"It will be the single most meaningful step to date toward motorists getting the good oil about this important household expense."

WHAT YOU'RE PAYING

For unleaded/diesel:

Ballina $1.29.5/$1.30.1

Casino $1.09.4/$1.14.7

Lismore $1.22/$1.23.6

Murwillumbah $1.28.9/$1.25.6

Tweed Heads South $1.12.6/$1.23.6

SOURCE: Seven-day price average from motormouth.com.au on January 22

Topics:  accc, kevin hogan, northern rivers, petrol price



Why this Lismore mum will no longer be forced to sell her home

MUCH NEEDED: Rotary Club of Summerland Sunrise donated almost $4500 to the Mitchell family for renovations to support mobility for their son Isaac, who has cerebral palsy. Pictured is Rose Mitchell and Isaac (foreground), with (from left) Past President Andrew Heap, Josephine Saunders, President Zell Bennett, and Graham Meineke (background).

A local club has made a huge difference for this family

Surfrider Foundation to give voice to Ballina surfers

BURIED: This steel anchor, a component of the planned Lighthouse Beach shark barrier, is now completely buried along with several others after two days of big swell and high tides.

A "positive outcome” from the shark barrier debacle.

Buyers forking out millions

Owners benefiting from undersupplied Northern Rivers market

Local Partners

Airbourne talk drop bears, beer and taxes

Airbourne have a new album coming out and a new tour on the way.  Photo Contributed

Airbourne release album for the aussie battler

Pippa Middleton had 3000 private photos stolen

Author Pippa Middleton

Author's account hacked to access 3000 private photos

Gruen star discovers the body's limits in new hit TV show

Todd Sampson tries out MMA fighting during TV series BodyHack.

Gruen star pushes the limits in new TV series

Deftones return to Australia with string of dates

Deftones are back in town. Photo Contributed

World renowned nu-metal pioneers return

How the Gruen guy's t-shirts took on a life of their own

Documentary filmmaker and Gruen panellist Todd Sampson.

What started out as simple workwear has become a trademark

Disney pulls costume for cultural appropriation

Disney has taken a costume off shelves out of respect for Islanders

Buyers forking out millions

Owners benefiting from undersupplied Northern Rivers market

UPDATE: Former rodeo champ's sale rained out, now back on

Larkhill local Ken Consiglio is having an auction of most of the things on his property.

'People kept showing up and we had to turn them away'

Couple build their own 'tiny house' for $45k

Holly Bowen and Oli Bucher built their "tiny house" themselves, only hiring a plumber and an electrician. Photo/supplied

The house, which is built on a trailer and can be towed.

Sunshine Beach property breaks real estate record

The property overlooks Sunshine Beach, as the backyard lawn meets the sand.

Sunshine Beach mansion sale smashes real estate record

New $33 million development planned for Ballina Shire

The site of a proposed seniors living development at Skennars Head.

Plans include 211 homes, clubhouse and recreational facilities

SOLD: Historic hotel finds new owner

Post Office Hotel Grafton

Photo Adam Hourigan / The Daily Examiner

Pub in new hands and heading in a brand new direction