The NT Parliament will inquire into stubbornly high fuel prices across the Territory.

According to the Government’s own petrol price website MyFuelNT, unleaded fuel prices across Katherine are in a range between 126-128 cents a litre, about 10 a litre more than Darwin.

Because of the global crash in oil prices, unleaded fuel prices in most other areas of Australia are below a $1 a litre.

In Katherine, diesel fuel is selling for between 124-128 cents a litre, again about 10 cents a litre more than Darwin.

The Parliament’s Public Accounts Committee is holding a public hearing on Territory fuel prices on Tuesday from 9-11.40am.

“The committee has been monitoring fuel prices over recent weeks in response to concerns raised by the Chief Minister that the pricing in the Territory was out of step with that of Adelaide.

“The Darwin Terminal Gate Price had significant falls in March and April totalling over 40 cents a litre, but the retail price falls in both Darwin and across the Territory have been much smaller,” committee chair, Mrs Kate Worden MLA, said.

“We typically see some lag as price falls move through the Territory market, but this lag is continuing longer than expected.

“We need to understand why the retail price has not come down in line with national and historical trends.”

The hearing will be streamed live on the Legislative Assembly’s website at https://parliament.nt.gov.au/about/broadcast and Hansard transcripts published.

Extracted from Katherine Times

SHARE THIS ARTICLE: