With somewhat less effort you can command incomes
- May 4, 2016
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“Any perceived exploitation of the community at a time of economic hardship for many is viewed very unfavourably by the ACT government.” Mr Barr noted in the correspondence that “despite wholesale prices reducing by around 40 per cent since the beginning of 2020, average retail price in the territory have only reduced by around 13 per cent over the same period”. “This compares adversely to the 33 per cent average reduction in retail prices in Sydney.” Some fuel retailers justified the higher Canberra price as an offset to transport costs but the Independent Competition and Regulatory Commission has fully dismissed this claim, showing that the difference in transport and operating costs between Sydney and Canberra was, at most, 7 cents per litre. At the same time, Mr Barr has also written with the same concerns to Australian Competition and Consumer Commission chairman Rod Sims, who on Wednesday publicly warned retailers not to use the current pandemic “to further increase profits” and should “pass on the full benefits of falling oil prices to motorists”.
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