Levies
Last weekend - while you were taking the kids to the beach, buying those extra back-to-school necessities, or for many, still counting the toll of recent devastating floods – unleaded petrol prices in capital cities rose an average 15 cents a litre at Coles and Woolworths outlets to a massive 143.9 cents per litre. And those ridiculous rises were matched in part by the Independents and other chains.
So what’s the story?
On Saturday, the wholesale price of petrol actually dropped by more than half a cent, yet on the weekend we were hit with a massive 15 cent increase. The size of the hike was described as “staggering” by FUELtrac general manager Greg Trotter. He rightly pointed out that the prices we are now paying at the pump rival those records in 2008 when oil hit a peak of $US145 a barrel. The big difference is that the current price of oil is only around the $US90 mark.
Continue reading "Labor is turning a blind eye to price hikes" »
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