Petrol price peaks have already reduced since the introduction of a real-time price information app, RAA figures show.

The availability of real-time petrol price information on mobile phones has cut 20c a litre off retailers’ regular unleaded petrol price spikes.

Latest figures from the RAA show since the introduction of five real-time petrol price apps, there has been no repeat of the spike to 160c/l, as happened in mid-March.

Since then, prices have twice risen to just 140c/l; a third peak is already falling below that mark.

“We can say now that if you are not using the app, you’re probably losing money,” RAA spokesman Mark Borlace said.

“We want more data to make sure the cause is the app, but the spikes are less and shorter and it is good news for consumers, so there is nothing negative so far.”

The State Government collects details of fuel-price changes and makes them available within 30 minutes of every fluctuation at the bowser. Independent MP for Florey Frances Bedford is lobbying for prices to be set for 24 hours to give motorists more certainty.

She warned the price cycle could quickly return to normal.

“Our preference has always been the West Australian model which includes a price freeze of petrol for a 24-hour period, thereby providing certainty to motorists that the fuel price on the way to work will be the same as the price on the way home,” Ms Bedford said.

Wholesale and retail ULP prices from February 19 to April 20. Picture: RAA
Wholesale and retail ULP prices from February 19 to April 20

A State Government spokesman said seven notices had been sent to retailers who failed to update their fuel prices in time, or not at all.

He said there had been 69 complaints from members of the public and there had been proactive checks of more than 65 petrol stations.

The RAA app has already attracted 60,000 users who interact with it, on average, three times a week.

Extracted in full from: Adelaide petrol prices at peak drop 20c per litre since pricing app launch | The Advertiser (