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- W578764087 abstract "The Prices Surveillance Authority has an important role in determining maximum wholesale prices for motor spirit and automotive distillate in Australia. The Authority has assisted in the process of removing excessive and ineffective regulation but the operation of oil company rack pricing schemes has made it more cautious in this regard. The lack of effective competition in many areas provides a strong case for maintaining surveillance over motor spirit and automotive distillate prices. Significant upward pressures on petroleum product prices in rural and remote areas have occurred as oil companies have sought to increase returns from the industry and as oil prices rose following the Iraqi invasion of Kuwait. Those pressures are now easing. Rack pricing has not worked to the benefit of country consumers and its demise would assist the competitive process in the industry. Modest industry profitability in recent years does not indicate that capital city maximum prices have been too low. More rational pricing policies, if used in the determination of automotive distillate prices and freight differentials, could impact adversely on rural and remote areas in the short term. In the longer term, promoting more effective competition is the best means to securing price restraint in all petroleum markets (A)." @default.
- W578764087 created "2016-06-24" @default.
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- W578764087 date "1991-01-01" @default.
- W578764087 modified "2023-09-27" @default.
- W578764087 title "Fuel prices in rural and remote Australia" @default.
- W578764087 hasPublicationYear "1991" @default.
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