Greater Fuel Price Transparency For NSW Motorists

Greater Fuel Price Transparency For NSW Motorists

Member for Port Macquarie, Leslie Williams has welcomed the introduction of a new NSW fuel price information standard that came into effect on 1st September.

“The O’Farrell-Stoner Government’s reforms will benefit Port Macquarie electorate motorists because specific localised price information is now compulsory.

“As of yesterday (September 1), all service stations in NSW must display the real price of fuel, free of any discounts or special offers such as supermarket shopper dockets,” Mrs Williams said.

“If a station sells up to four fuels, the undiscounted price of all four fuels has to be displayed.

“Where a station sells more than four fuels, the signs must display the prices of at least four, including their two top-selling fuels, LPG and diesel,” Mrs Williams said.

“The two top-selling fuels are the types of fuel that have the highest sales volumes in the immediately preceding six months, and are usually unleaded varieties.

“By basing the standard on the volume sold at each particular service station, the Government is ensuring that price boards are reflective of the local marketplace.

“Service stations will also be required to display the octane rating of E10, regular unleaded, and premium unleaded petrol at the pump. These reforms ensure local price transparency, so motorists can compare apples with apples,” Mrs Williams said.

“A NSW Fair Trading survey of 1300 people last year found 90 per cent of drivers want fuel prices displayed by service stations to be free of any special terms and conditions that apply to discounted fuel.

“60 per cent of drivers believed they had been misled by a fuel retailer’s signage at some point. For too long consumers have been confused and even misled by fuel price boards.

“NSW motorists deserve better than this and under the Liberals & Nationals Government they will receive transparency and greater consumer protection at the bowser. I strongly urge all fuel retailers in our area to ensure they are compliant with the new fuel price regulations,” Mrs Williams said.

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