Victoria Introduces Daily Cap Amid Concerns of Fuel Price Surge

Victoria Introduces Daily Cap Amid Concerns of Fuel Price Surge

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. Under these new laws, retailers must set their prices by 2 p.m. each day, after which those prices are fixed for the next 24 hours. Retailers may reduce p…

Panic-buying despite 24-hour fuel price cap

As concerns increase regarding fuel prices across the state with warnings against panic buying, one of Casey’s cheapest fuel stations in Cranbourne has run out of U91 fuel and diesel with some U95 left to spare. It comes as new laws has taken effect in… Read more The post Panic-buying despite 24-hour fuel price cap appeared first on Star Community.