Fuel Prices Australia
Fuel Pricing Policies
The downstream fuel market is open and free in Australia. The „Australian Competition and Consumer Commission“ publishes information concerning fuel prices, including a detailed monitoring, price composition, market analysis and facts (see www.accc.gov.au). Most detailed information can be found in the annual reports „Monitoring of the Australian petroleum industry“, last published in late 2010 (→App. A3). This report includes a detailed analysis of short-term pump price cycles (per day/per week).
According to ACCC, 20% of consumed fuel was imported in 2010. For the South-East-Asian and the Oceania regions, the spot market price for fuels in Singapore is the main determinant for import prices of fuels.
In Western Australia, Fuel Watch has been designed to stop intra-day fuel price variations and to track/monitor fuel prices. Retailers must announce the retail price for each fuel they sell by 2pm and stick to the notified price from 6am next day for 24 hours. More on: http://www.fuelwatch.wa.gov.au/
Fuel Prices and Trends
|Gasoline 95 Octane||Diesel|
|in Local Currency||
* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition for one litre of Gasoline 95 Octane as of 2010/10/01.
„Gross + Retail Margins“ include any costs of transport, storage, service stations etc. and also revenues.
Source: own calculation based on ACCC: „What influences the price of unleaded petrol?“ (http://www.accc.gov.au/content/index.phtml/itemId/892860, →App. A1)
At a Glance
Sources to the Public
|Type of Information||Web-Link / Source|
|Other Information||http://www.accc.gov.au/content/index.phtml/itemId/961783 (A3)|
|Other Information||http://www.accc.gov.au/content/index.phtml/itemId/892860 (A1)|
|Pump prices and margins||http://www.accc.gov.au/content/index.phtml/itemId/280309 (Several publications)|