this post was submitted on 05 Aug 2024
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Queensland premier floats cap on petrol price rises, state-owned fuel stations in re-election bid (www.abc.net.au)
submitted 3 months ago by [email protected] to c/[email protected]
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  • Labor will establish 12 publicly-owned fuel stations if re-elected in October, with the sites to be determined by where competition is most needed across the state.
  • In his state of the state address on Tuesday, Mr Miles will also announce Labor's plan to ban petrol stations from raising the price of fuel more than once a day and a trial to cap price increases to 5 cents a litre a day.
  • Australasian Convenience and Petroleum Marketers Association chief executive Mark McKenzie told ABC Radio Brisbane it was unclear if Labor had the ability to implement the plan.
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[–] [email protected] 0 points 3 months ago (1 children)

Huh! Thats a bit of a populist swing. Not necessarily bad, just populist. Could work with voters. Might be an expensive ox-cart to pull on the otherside though.

[–] [email protected] 0 points 3 months ago (1 children)

Might be an expensive ox-cart to pull on the otherside though.

What else do you do though? Either give the ACCC 4x the budget, arm them to the teeth and tell them to go get some? Pretty clear the feds have 0 interest in that.

[–] [email protected] 0 points 3 months ago* (last edited 3 months ago)

It seems similar to WA's approach to fuel prices with a bit more bite. Over there changes are locked to once every 24 hours and they have to notify a government agency the afternoon before the change.

And remember: every time you hear the Queensland coal mining council crying about royalties on TV and how they're the largest in the worrrrld, this - along with 50 cent fares, cost of living rebates in your power bill, and a bunch of other stuff - is funded by that.