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Huge move to combat ridiculous petrol prices
Retailers must publish next-day fuel prices by 2pm and keep them fixed for 24 hours, with fines over $3,000 for breaches to prevent price gouging.
- On March 10, the Victorian government introduced anti-price-gouging laws requiring daily fuel price caps, effective immediately, with retailers mandated to list next-day caps in advance.
- Amid the Iran-related disruption, global oil prices rose above $US100, with Brent crude reaching $119.50 on March 9, according to reports, causing regional instability.
- Retailers must now set the following day's fuel price by 2pm, with the capped price published on the Servo Saver app at 4pm and applying from 6am for 24 hours; prices may only be lowered during this period.
- Breaching stations face fines of at least $3000 per breach and $24,000 if taken to court, while Nick Staikos and Jacinta Allan say the caps will help Victorians save hundreds annually.
- Queues and panic buying have left dozens queued at the Wodonga APCO petrol station on March 10, with NRMA's Peter Khoury warning 'some service stations running low on supply'.
11 Articles
11 Articles
Victoria Introduces Daily Fuel Price Cap
A man fills his car at a petrol station in Western Australia on Nov. 3, 2025. Susan Mortimer/The Epoch Times Victoria’s new laws aimed at preventing fuel price gouging have come into effect, requiring petrol retailers to lock in their prices for 24 hours. In a statement on Mar. 10, state Premier Jacinta Allan said the Labor Government was “stopping Victorians from getting ripped off” when filling up. We had a problem loading this article. Pleas…
VTA welcomes action to stop petrol price gouging - Prime Mover Magazine
Victorian Transport Association CEO Peter Anderson. Image: Victorian Transport Association.The Victorian Transport Association (VTA) has welcomed the Victorian Government’s measures to stop petrol price gouging, describing the daily fuel price cap as a sensible and timely reform that will support transport operators and the wider community during a period of heightened cost pressures. VTA CEO, Peter Anderson, said the new rules – requiring fuel …
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