I. Stakeholders (FAQ)

1) Who are the oil companies (retail and wholesale)?
2) What are the retail/wholesale margins?
3) What role does the ACCC have in fuel? Do they control fuel prices / investigate service stations?

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1) Who are the oil companies (retail and wholesale)?

Visit the Fuel Industry page for a breakdown of the key players are both the retail and wholesale level. 

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2) What are the retail/wholesale margins?

The wholesale margin is a mark-up on refined product to cover costs and profit.  A broad indicator of the wholesale margin is calculated by subtracting Benchmark (or MOPS for ULP) price plus wholesale costs from Terminal Gate Price (TGP). Retail margin is a mark-up by retailer to cover costs and profit. A broad indicator of retail margin is calculated by subtracting TGP from retail price. 

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3) What role does the ACCC have in fuel? Do they control fuel prices / investigate service stations?

The Australian Competition and Consumer Commission (ACCC) monitors the prices of petrol, diesel and LPG. Following the deregulation of petrol and diesel prices on 1 August 1998, the ACCC has had an informal price monitoring role. The ACCC collects and analyses the retail prices of unleaded petrol, diesel and automotive liquefied petroleum gas in the capital cities and around 110 country towns.  In 2007, the ACCC conducted an inquiry into national petrol prices and published a full report. 

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