Petrol Companies

With petrol prices on the rise again and a federal election fast approaching, the Federal Government is scrambling to get some runs on the board. After the Fuelwatch debacle and with the first ACCC Petrol Commissioner having resigned very quickly, the Government’s tough talk on petrol prices has remained just talk.

So why does the Federal Government continue to fumble the ball so badly on petrol prices? Well, quite simply because of their continued failure to tackle the underlining problems. These problems are far reaching and together they ensure that the oil companies and Coles and Woolworths maintain and extend their stranglehold of over the petrol industry.

In fact, the Federal Government’s repeated failure to tackle the dominance of the oil companies and Coles and Woolworths lies at heart of their failure to deliver on their election promise to put downward pressure on petrol prices. Like their promise to do the same for grocery prices, the petrol promise has delivered nothing for motorists.

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