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Fuel expert calls for petrol retailer cap to stop gouging at the pump | The Sydney Morning Herald

A fuel pricing expert has called for a cap on petrol retailer margins as wholesale fuel prices fall but prices at the pump rise, hitting consumers ahead of Christmas.

Petrol price monitoring company Fueltrac’s chief Geoff Trotter said the consumer watchdog and governments need to stop the gouging of motorists.

Petrol prices in Melbourne and Sydney had fallen sharply over November as oil prices slumped globally. However, they have now started rising again, driven not by rising oil prices but by retailer margins.

“Governments talk about putting a cap on gas and electricity prices, so why not fuel?” Mr Trotter said.

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“Why should motorists have to play a lottery with petrol prices.”

Fueltrac is a petrol price-monitoring agency whose data is being used by the Australian Competition and Consumer Commission to power its fuel price tracker.

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Fuel expert calls for petrol retailer cap to stop gouging at the pump.

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