Tanya Davies MP. Member for Mulgoa.

Greater Fuel Price Transparency For NSW Motorists

Thursday September 5, 2013

Mrs Tanya Davies MP, Member for Mulgoa has welcomed the introduction of a new NSW fuel price information standard that came into effect on 1 September.

“All service stations in NSW must display the real price of fuel, free of any discounts or special offers such as supermarket shopper dockets. If a station sells up to four fuels, the undiscounted prices of all four fuels have to be displayed” Tanya Davies said.

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.

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 the real price of fuel from station to station.

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 the local region to ensure they are compliant with the new fuel price regulations,” Tanya Davies said.