Share and Follow
The International Energy Agency has raised alarms as diesel prices soar to an unprecedented $3 per litre.
In Melbourne’s northern suburb of Kingsbury, some petrol stations have already pushed prices to $3.10 per litre.
Meanwhile, the national average price remains at $2.45 per litre, with no immediate relief expected due to the ongoing turmoil in the Middle East.
Liberal Senator Paul Scarr emphasized the necessity for government transparency regarding fuel reserves and future supply plans. Speaking on Today, he stated, “The government needs to clearly convey to Australians what our current fuel supplies are and where future supplies will originate.”
He further stressed the importance of maintaining diesel availability for farmers, adding, “Ensuring diesel reaches our agricultural sector is crucial to keep food on our tables and support all productive industries.”
In an urgent decision, the ACCC has allowed fuel companies to collaborate and coordinate fuel supply.
“This is part of the government’s decisive action to make more fuel available to industry and households and keep fuel flowing to where it’s most needed, including the bush,” Treasurer Jim Chalmers said.
“It’s really important that the big players in the fuel markets don’t treat this as a chance to disadvantage the independents who play a vital role, including in regional Australia.”
The decision will allow fuel companies to exchange and coordinate information surrounding the fuel supply across the country to prevent shortages without breaching competition laws.
However, fuel suppliers are still not allowed to share information or reach agreements on fuel prices.
NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.