AUSTRALIA | The ACCC has launched an enforcement investigation into allegations of anti-competitive conduct by each of the major fuel suppliers, Ampol Ltd, BP Australia Pty Ltd, Mobil Oil Australia Pty Ltd, and Viva Energy Australia Pty Ltd.
The ACCC received reports concerning diesel availability to independent wholesalers and distributors servicing regional and rural Australia. This investigation will assess the alleged conduct.
“The ACCC is closely scrutinising all fuel markets during this period, and we have received reports of alleged anti-competitive behaviour. We are therefore investigating these matters urgently,” said ACCC Chair Gina Cass-Gottlieb.
“It is not our usual practice to publicly announce investigations, but given the significance of the issue, the ACCC is confirming this enforcement investigation. We recognise the widespread concerns held by consumers, businesses and farmers about fuel pricing and supply issues arising during the Middle Eastern conflict.”
She added that it was important that fuel market participants and the community know that the ACCC has been closely watching market conduct across all fuels and will not hesitate to act swiftly to enforce Australia’s competition and consumer laws.
“Our investigation is at a preliminary stage, and therefore we are yet to form a view about these matters."
The ACCC will publish the next weekly update of the fuel price monitoring report for Australian capital cities, including prices for 190 regional locations, on Friday.
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