Tagged With fuel costs

The Australian Automobile Association has included major regional centres in its Transport Affordability Index for the first time, with Wagga Wagga, Geelong, Townsville, Bunbury, Mount Gambier, Launceston and Alice Springs now a part of the report.

Some interesting information has come from the index - including that households in regional centres are paying a whole lot more than city slickers for their fuel.

According to a new petrol market study published by the ACCC today, the average net profit per petrol station in Cairns from 2015 to 2016 was around 38 per cent higher than the average net profit across other sites around Australia.

"The ACCC's Cairns petrol market report confirms what motorists have suspected for a long time: they are paying too much for fuel and contributing to very high profits for retailers in the area," ACCC Chairman Rod Sims said.

Average petrol prices in 2015 to 16 were at their lowest levels since 2002, according to an Australian Competition and Consumer Commission report on the Australian petrol industry. Unfortunately for motorists, gross retail margins in the same period increased to their highest levels -- meaning the full benefits of lower international crude oil and refined petrol prices are not being passed on to consumers.