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25c a litre for the Canberra petrol markup?

By johnboy - 30 April 2013 49

petrol stations

The Canberra Times has a story on just how badly we’re being ripped off on petrol:

The price of petrol in Canberra was more than 25 cents higher than in Melbourne, and close to 25 cents higher than in Sydney over the past week, according to the latest fuel price update.

While price falls of 10 cents in Sydney to 130.8 cents a litre, and almost 6 cents in Melbourne to 128.1 cents contributed to another national slide of 3.6 cents to an average price of 137.9 cents, Canberra’s fuel remained steady, dropping just 0.2 cents to 154.0 cents per litre – the second most expensive capital city in the country.

CommSec Economist Savanth Sebastian said Canberra prices are most heavily influenced by competition and transportation considerations.

5 cents a litre I’ll give for transport.

The situation reminds me of the story about when John Dillinger was asked why he robbed banks:

“Because that’s where the money is”

I note the fuel economy of bicycles remains excellent.

What’s Your opinion?


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49 Responses to
25c a litre for the Canberra petrol markup?
johnboy 11:03 am 30 Apr 13

p1 said :

Sorry, for a moment there I was dreaming of a happy place.

It’ll always be the dream

HiddenDragon 10:58 am 30 Apr 13

What a shame that petrol can’t be bought online, from suppliers whose workers are paid a fraction of what Canberrans are paid, operating from accommodation that is somewhat less extortionately expensive than Canberra commercial accommodation, and facing appreciably lower government taxes and charges. This story is an illustration of Canberra’s own version of the “two speed economy” – there are businesses and sectors which are subject to real competition, and those which are not. Canberrans who are enjoying the wages and conditions, and (relative) job security which goes with the latter should be grateful and enjoy it (in some cases, only while it lasts). Much the same could be said for many of Canberra’s landlords.

Dilandach 10:56 am 30 Apr 13

johnboy said :

Intriguingly Barcham got a lot of static taking the above photo.

So perhaps the people of Canberra need to start photographing their petrol stations more.

Someone got annoyed?

p1 10:45 am 30 Apr 13

johnboy said :

Don’t you know how this town works?

Sorry, for a moment there I was dreaming of a happy place.

bundah 10:35 am 30 Apr 13

johnboy said :

Intriguingly Barcham got a lot of static taking the above photo.

So perhaps the people of Canberra need to start photographing their petrol stations more.

Hmm did Shell or the other companies feel left out?

johnboy 10:30 am 30 Apr 13

Intriguingly Barcham got a lot of static taking the above photo.

So perhaps the people of Canberra need to start photographing their petrol stations more.

bundah 10:26 am 30 Apr 13

‘heavily influenced by competition and transportation considerations’. What a crock of sh*t,they’re nothing more than greedy thieving bastards!

johnboy 10:19 am 30 Apr 13

That would require you people to actually send us the data and a lot of work which wouldn’t make us any money.

So no.

Feel free to do it youselves though.

Dilandach 10:17 am 30 Apr 13

IrishPete said :

RiotACT could get involved by hosting a “where’s the heapest fuel today” blog… I think most other cities and States have them. e.g. http://www.mynrma.com.au/motoring/car-care/fuel-prices.htm (and look at the price!)

IP

I’d like to see that.

johnboy 10:14 am 30 Apr 13

You mean limit the profiteering petrol companies and the profiteering property developers at the same time?

Don’t you know how this town works?

p1 10:11 am 30 Apr 13

CommSec Economist Savanth Sebastian said Canberra prices are most heavily influenced by competition and transportation considerations.

So, there is a lack of competition for fuel sellers in Canberra? Excellent. I assume that all the currently closed fuel stations at local shopping centres will be immediately re-opened?

IrishPete 10:00 am 30 Apr 13

The email I sent to the author of the article:

“Hamish

I was about 30km south of Nowra a few weeks ago and the price there was substantially lower than Canberra. So it’s not just Sydney. And it’s not transportation costs. It’s hard not to believe that Coles and Woolworths have the Canberra market sewn up tight. Interesting that Batemans Bay and south are as expensive or more so than Canberra, but perhaps Coles and Woolworths are big players there too. One service station in Braidwood (Mobil branded I think) is always much cheaper than Canberra, whereas the other in Braidwood (Shell) is about the same price – locals put this down to Shell fuel cards meaning the Shell has a captive audience. Check out the Caltex price in Bungendore (Caltex also being a big supplier of fuel cars for leased and government vehicles) and you’ll start to think there’s a connection. So maybe part of the story in Canberra is government (ACT and Commonwealth) paying too much for its fuel (just like they do for everything else).

I always buy from the BP in Queanbeyan, slightly cheaper than any other servo nearby and they don’t charge commission on credit cards like Caltex does, or the cheaper Braidwood servo when over there (which is often).”

RiotACT could get involved by hosting a “where’s the heapest fuel today” blog… I think most other cities and States have them. e.g. http://www.mynrma.com.au/motoring/car-care/fuel-prices.htm (and look at the price!)

IP

Very Busy 9:37 am 30 Apr 13

“Down down, prices are down”.

Hit them where it’ll hurt. Boycott their supermarkets. If you must use their petrol vouchers just spend the minimum $30 and do the rest of your shopping at Aldi, Costco, Supabarn, IGA etc.

Canberracanuck 9:37 am 30 Apr 13

Why shouldn’t the drivers of the ACT pay through the nose for their addiction? Prices are set at what the market will bear…the ACT was recently outed as having the highest automobile usage in the country, so why not use that fact to raise some much needed revenue? Much like cigarettes, the addict will pay whatever they must to get their fix. Sure, they’ll whinge, but they’ll pay. If you don’t like it, kick the habit.

HerCanberra 9:35 am 30 Apr 13

Transportation considerations, bollocks. So why is petrol in Griffith (a regional town four hours inland from Canberra) even cheaper than here?

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