19 April 2016

Main Roads and Energy Minister Mark Bailey has welcomed the announcement today by the Australian Competition and Consumer Commission (ACCC) that Cairns will be the location of their fourth regional petrol price investigation.

“I first wrote to the ACCC back in January asking them to hold an investigation here in Queensland, and since I hosted the Petrol Price Roundtable in Brisbane in early March I’ve been calling on the ACCC to launch a study into the Queensland market as soon as possible,” he said.

“I’ve consistently said that Cairns would be a good location to get a solid understanding of the regional fuel market in Queensland, and I’m pleased to see that the ACCC has acknowledged that fact.

“They have the tools and the expertise to bring real scrutiny to the Queensland market, and by holding the investigation in Cairns I hope they’ll get an insight into our other regional Queensland locations too, including Townsville, Mackay, and Rockhampton.”

Mr Bailey said that the ACCC had conducted its first regional investigation in Darwin last year and is currently undertaking market studies in Launceston and Armidale.

“As we have seen in recent weeks, Cairns in particular regularly experiences more expensive petrol prices than its neighbours which is unfair for local motorists,” Mr Bailey said.

“We need to be satisfied that market prices are fair and reasonable wherever you live in Queensland, and this ACCC investigation is a positive step forward.

“I encourage all interested stakeholders to get involved in the process. The ACC is looking to hear directly from consumers, industry participants, and all other interested stakeholders.

“All parties can provide information or submissions to the ACCC through their website at www.accc.gov.au by 31 July 2016.”

Mr Bailey said that more information was available by calling the ACCC Infocentre

1300 302 502, or emailing cairns.study@accc.gov.au.

The consultation hub for the Cairns study is available at https://consultation.accc.gov.au/regulated-infrastructure/market-study-on-petrol-prices-in-cairns.

ENDS

Media Contacts:
Tim Shipstone 07 3719 7321
Amy Hunter 07 3719 7324