Last week the Prime Minister talked tough about petrol prices. She quite earnestly said, "I am hugely concerned at the level of price that consumers are currently paying at the pump for fuel" and that motorists were being "fleeced" at the pump.
The bottom line is that the Government intends to rush through changes to the Commerce Act to allow the competition watchdog to investigate the margins on fuel. The findings will be reported back to the government next year and the PM has assured motorists that she will "prioritise a response to it".
I don't disagree that motorists are being "fleeced", but it’s not by service stations. The PM's tough talk comes just days after central government imposed a new excise tax adding another 4 cents onto the price of petrol.