A price war between Katherine’s petrol stations could ensue if a government website aimed to boost competition and transparency in the Territory fuel sector, goes ahead.

Acting Chief Minister Nicole Manison said MyFuel NT would provide accurate real-time information about fuel prices at every service station in the Northern Territory, enabling Territorians to find the cheapest fuel in their region.

“This will mean Territorians can easily access up-to-date information on where the cheapest fuel is when they need to fill up,” Ms Manison said.

“This is all about giving people the information to make informed decisions and it will mean greater competition among fuel outlets.”

The initiative will require fuel retailers to publish all fuel prices online , providing consumers with a comparative snapshot of fuel prices across the Territory.

“Territorians will have free access via website or mobile app to live price data from fuel retailers in the Territory so they can easily find the cheapest fuel, whether it be unleaded, diesel, or other fuel types,” she said.

Ms Manison said the new scheme is expected to be in place in the second half of 2017.

The announcement comes after a hike in fuel prices during the new year.

PRICE SURGE: Data from Orima research shows a steady price increase in unleaded petrol in Katherine

PRICE SURGE: Data from Orima research shows a steady price increase in unleaded petrol in Katherine

Extracted from Katherine Times.