Australians are paying about 20 cents a litre more for diesel than they should be, consumer advocates say. They say there doesn't seem to be a good answer for the high prices.
Australians are paying about 20 cents a litre more for diesel than they should be, consumer advocates say.Federal Treasurer Jim Chalmers says Australians are "absolutely filthy" about the higher fuel prices.But retailers say there has always been a lag between a drop in oil prices being seen at the pump.That's because it's the fuel of choice for industry — transport, agriculture, shipping and mining — which means there are flow-on effects for the economy.
In the same period, the ACCC says retail diesel dropped between 14 and 5 cents a litre in the five largest Australian cities.The price that it is sold for there is the wholesale price, or the terminal gate price.At the moment, the wholesale price is higher for diesel, about 30 cents a litre more than petrol.Fuel watchers are concerned by the discrepancy between the wholesale price and the retail price of diesel .
"Normally we would expect [the retail margin] to be sitting at 12 cents [a litre]. Currently, it's blown out to 33 cents," he said on Wednesday. He said fuel retailers — the people who run the petrol station you fuel up at — aren't passing on the savings they're making.
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