News

ACCC to keep a closer eye on fuel industry and pricing

HINKLER MP Keith Pitt has called the Australian Competition and Consumer Commission a toothless tiger for inaction to keep petrol prices fair.

Even Minister for Small Business Bruce Billson, who holds the ACCC portfolio, agreed more needed to be done.

He said competitive pressures alone were not enough to ensure fair pricing.

The ACCC will increase their scrutiny on the fuel duopoly and wider industry pricing, and will produce quarterly reports.

"Countless Hinkler constituents have contacted my office recently to complain. Retail fuel prices have only been reduced by a few cents locally, despite the cost of Brent crude oil dropping by 40% since June," Mr Pitt said.

"It's highway robbery."

Residents have said they're tired of the ACCC suggesting they simply shop around for the fairest deal.

"This is not possible in regional Queensland locations - the region's many petrol stations are controlled by only a small handful of players."

He said petrol retailers were enjoying profit margins double the historic average, despite the price of oil plummeting to a four-year low.

Mr Pitt said he feared the cost of petrol was at the expense of local industries of cane farming, horticulture, tourism and fishing.

"I acknowledge that the Government has no ability to control what private businesses charge for their products and services, but the ACCC does have an obligation to protect consumers from unfair commercial practices," he said.

Topics:  accc fuel hervey bay hinkler keith pitt maryborough mp petrol



Foodies' scavenger hunt: are you up for it?

IF YOU want to give your tastebuds the flavour sensations of a lifetime, here is the ultimate foodie’s scavenger hunt through Brisbane.

5 minutes with Israel Folau on footy, life and love

Israel Folau and Silver Fern netballer Maria Tutaia announced their engagement last last year.

WE CAUGHT up with football star and Brisbane ex-pat Israel Folau.

10 reasons to head to South Bank this summer

Head to the only inner-city beach in Australia!

South Bank has a ridiculous amount of fun things to do.

Five mammoth events you need in your life

No Caption

BRISBANE isn’t known for doing things by halves…

How to make your child's every dream come true...

Take a dip at South Bank in the inner-city beach.

‘I DON’T want to do fun things, Mum and Dad’… said no child ever!

How to do Eat Street the right way

Know where to start and where to end to avoid a huge food coma before you get to experience all the goodies!

EVERY Friday and Saturday night, Hamilton comes alive.

You can do WHAT in Brisbane?!

Talk about arriving in style! Take your pub crawl to the next level with a helicopter!

BET you didn't know you could do these things in Brisbane...

First home buyers the "lifeblood” of Fraser Coast market

CoreLogic property statistics reveal the region's median house price of $300,000 did not change in the September quarter.

Median house price of $300,000 remains steady in September quarter

Recycled decor to SIP on

Town and Country Community Options shed facilitator Peter Kalbfell said he could not of wished for a better job.

Return customers rave about The Shed

WIN a fishing trip, $5000 BCF voucher and get free stuff

Want to catch one of these big fellas!? Get your name into our competition to win the ultimate fishing holiday!

WERE running a stack of reely incredible giveaways!

Local Partners

Daniel MacPherson: acting’s a bit like channel surfing

Australian actor Daniel MacPherson in a scene from the American TV series APB.

THE Aussie export talks about making his mark in the US.

Shopping isn't fun if you can see dead people

Lisa Marie Woodham will be giving readings in Gladstone until Saturday January 21.

Shopping isn't fun if you can see dead people

Buderim man strips off for speed dating with a twist

RAW AMBITION: Buderim local Jackson pictured with his blind date Candice in a scene from SBS's new dating show Undressed.

People have done stranger things for love

Sports gods answer your summer prayers with this line-up

The Brisbane Roar are on track for an entertaining season.

SO MUCH live action is happening in Brisbane this summer!

Matthew McConaughey wrongly used as medical example

Doctor tried to steal credit for McConaughey's hair treatment

J.K. Rowling writes through severe back pain

An aching back couldn't stop J.K. Rowling catching inspiration

First home buyers the "lifeblood” of Fraser Coast market

CoreLogic property statistics reveal the region's median house price of $300,000 did not change in the September quarter.

Median house price of $300,000 remains steady in September quarter

By the water's edge

Secure your seachange

HOT PROPERTY: Money to spend on land, buildings

File picture.

Sale, leasing of industrial real estate picks up in Mackay

Collapsed Coast company could owe up to $5 million

Staff, ATO, landlords among those out of pocket.

Ipswich block of dirt sells for $582 a square metre

JUST SOLD: A property on the Brookwater golf course sold for a record-breaking $612,000.

Property smashed 2007 record by close to $100,000

Ready to SELL your property?

Post Your Ad Here!