CANBERRA, ACT, Dec. 10 -- The Treasurer of Australia issued the following media release:
We have directed the Australian Competition and Consumer Commission to extend its fuel price monitoring program for an extra fiveyears.
This is about making sure consumers get a better deal at the bowser through better competition and the ACCC's quarterly reports play an important role in that.
The ACCC's latest quarterly report released today found average retail prices in the five largest cities were lower than 2024 levels, while the gap between prices in metro and regional areas also narrowed.
The current direction, which requires the ACCC to monitor and report on petrol prices quarterly, expires this month.
We're extending it because we're dete...