Fuel companies on notice for price gouging

RACQ has warned it would name and shame fuel companies continuing to overcharge motorists during the COVID-19 health crisis.

The Courier Mail reported the Australian Competition and Consumer Commission had said the Federal Government may start regulating fuel prices as a way to combat price gouging.

RACQ spokesperson Renee Smith said in many regions across Queensland motorists were being charged far more than what was expected.

“Motorists are doing it tough right now and taking advantage of them is just not on,” Ms Smith said.

“Fuel companies have been warned, if they continue to do the wrong thing, the Government may consider implementing price controls. 

“There’s no excuse, global oil prices are low right now and these savings must be passed on to motorists.”

Ms Smith said Brisbane was currently in the expensive phase of the price cycle with an average price of 145.8 cents per litre and drivers should avoid the bowser for now.

“We are seeing some cheaper fuel around Ipswich, Gold Coast and Sunshine Coast, but drivers in these areas need to fill up now, because it won’t last,” she said.

“No matter where they live, drivers need to be using apps like RACQ’s Fair Fuel Finder to find the best deals in their area and shun those sites ripping us off.”