The Allan Labor Government has praised fuel retailers across Victoria for complying with new mandatory fuel price reporting regulations, set to save drivers money at the bowser.
Premier Jacinta Allan said the measures will cap prices on old contracts, ban unfair fees, and ensure families doing it tough get the cheapest deals. “That’s money back where it belongs – in the pockets of hardworking Victorians,” she said.
Minister for Consumer Affairs Nick Staikos, who was on the ground at McKinnon Petrol today with Consumer Affairs Victoria officers and local MP Ryan Batchelor, said the changes will make it easier for Victorians to plan ahead when filling up.
“Under our plan, you’ll be able to find out tomorrow’s fuel price at every single servo on your route to work and make your decisions accordingly.”
Almost 1,300 retailers are now onboard and reporting their prices, which will be accessible through a new Fuel Finder feature on the Service Victoria app.
The tool is designed to help motorists make informed decisions about when and where to fill up, with data from the ACCC showing Melbourne drivers could have saved up to $333 in 2023 by shopping around and timing their purchases at the low point of the fuel cycle.
Minister for Government Services Natalie Hutchins said the new system will deliver real benefits for households.
“This will save Victorians money and time, and I’m thrilled that we have so many retailers ready to report fuel prices ahead of launch later this year.”
The regulations, which came into effect in August, require all fuel retailers to report their prices in real time whenever they change. Those who fail to comply face penalties, with inspectors from Consumer Affairs Victoria continuing to visit service stations across the state to educate staff and monitor compliance.
Local MP Ryan Batchelor said the strong response from retailers showed their commitment to customers.
“Most Victorian fuel retailers want to do right by their customers — it’s great to see retailers onboard and complying with the fuel regulations.”
The Fuel Finder feature is set to launch later this year once onboarding is complete.
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