Sophie Lester, 24 December 2015

THE state’s peak motoring body has welcomed an announcement by the ACCC which would lead to greater transparency of fuel prices.

Up-to-date electronic price information provided by Informed Sources would soon be made public. Until now it had only been made available to the big fuel companies.

RACQ Executive General Manager of Advocacy, Paul Turner, said motorists would be the big winners.

“RACQ and other motoring organisations around the country have been calling for this information to be made publicly available for years,” he said. “Price transparency leads to competition which in turn leads to lower prices.

“This is a game-changer. It’ll reduce an information imbalance that has existed for too long, and put the power back in motorists’ hands.

“It means from now motorists will more easily be able to vote with their wallets and support those service stations with the lowest prices.”

Mr Turner said RACQ was excited at the prospect of getting access to this up-to-date price information and sharing it with its members.

The fuel data was expected to be made available to the public from mid-2016. For the fair fuel price in your area visit www.racq.com/fairfuel.

Extracted in full from the Sunshine Coast Daily.

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