Petrol price info ban triggers an end to midweek bargains
The State Government may be pushing for a ban on the controversial data service that allow petrol companies view each other's prices.
The Australian Competition and Consumer Commission released a recommendation for fuel companies to stop releasing information on prices; however, a ban could trigger an end for mid-week bargains at the pump.
Joe Dimasi, petroleum commissioner of the ACCC, told Sky News that the exchange of information released by the petroleum companies would always raise some questions and doubts on the consumers.
During the past month, the regular price cycle vanished, which could mean an end on fuel midweek prices.
Several customers were surprised with the sudden disappearance of the midweek bargain. One customer commented that fuel companies are "a bunch of crooks."
Media reports have stated that the US and Europe did not allow their petroleum companies to share information with rivals. There is also a report about the Australian government calling to introduce the same ban to the petroleum industry.
The ACCC urged petroleum companies who subscribe to a pricing database to stop sharing information that usually triggers an increase of fuel prices in some companies.
Caltex, Mobil, BP, and Shell, are a few companies that subscribe to the pricing database.