The proposed acquisition of Victorian fuel retailer Milemaker could reduce competition in the Melbourne fuel market, according to the ACCC.
Retail fuel prices in the five major capital cities in the December 2016 quarter were the highest since the June quarter of 2015.
Natives of the Apple Isle have seen prices jump as much as 20cpl, with expectations of a continued rise to as much as 140cpl in the near future.
Recent, largely OPEC-inspired, increases in wholesale petrol prices have seen price increases in Sydney, and the ACCC is concerned that prices in other capital cities may follow.
The ACCC will closely monitor petrol prices over the Christmas period after a commission study revealed prices had peaked in some Australian capital cities.
The ACCC says cigarette companies will not be allowed to stop supplying retailers caught selling illicit tobacco
ACCC’s report on the Armidale petrol market shows impact of competition and transparency on average petrol prices.