Australia

Servos urged not to price gouge after oil price hike

24 June 2025 16:36 | News

Service station owners have been notified that they do not benefit from customers due to variable fuel prices caused by the conflict in the Middle East.

Treasurer Jim Chalmers asked the Australian Competition and the Consumer Commission to watch possible price carvings by the operators in Bowsser.

Oil prices are fluctuating after air strikes of Iran and Israeli trade and the uncertainty in the Middle East, which bombs the US nuclear facilities.

A fear of ascension in the conflict has led to the concern that the fuel facilities, which will see that oil prices have increased further, will be affected.

Drivers saw a slight increase in fuel cost after the US hit Iran. (Darren UK/AAP Photos)

Dr Chalmers said that drivers should be treated fairly on the fuel pump.

“We do not want to see that service stations do something wrong by Australian drivers,” he said to journalists at Brisbane on Tuesday.

“We do not want to see that this volatility in global oil prices causes more than justified changes in the price paid by Australian drivers in Bowser.”

At the beginning of June, oil prices were about $ 62 per barrel before the US stars in Iran rose to $ 79 after rising to $ 79.

Since a ceasefire agreement has been reached, the price has been supervised, while economists warned that if fuel resources are affected by more strikes, the cost may be over $ 100.

Treasurer Jim Chalmers (File Picture)
Treasurer Jim Chalmers wants the consumer guard dog to target the price of the price game in fuel. (Lukas Coch/AAP Photos)

Consumer guard seat Gina Cass-Gottlieb was asked to report to the treasurer about price treatment problems.

“I would expect him to investigate and take appropriate measures and take appropriate measures about the concerns about the wrong declarations about the wrong and anti -competitive behaviors in gasoline prices, incorrect and misleading behaviors or anti -competitive behaviors in gas markets, D said Dr. Chalmers.

AMP Chief economist Shane Oliver said that if the oil price reaches over 100 dollars of the barrel, it will add 25 cents per liter to retail gasoline costs.

Authorized, gasoline costs can increase inflation, which will flow to other parts of the economy, he said.

“If the oil price reaches $ 100 per barrel and a much greater support for inflation, the Australian Reserve Bank would have to wait before re -relieving interest rates,” AAP said.

“The price of flight tickets and plastic prices that affect a large number of household goods can rise.”


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