The Allan Labor Government has commended fuel retailers across Victoria for their compliance with mandatory fuel price reporting regulations now in effect and set to save Victorian motorists money at the pump.
Minister for Consumer Affairs Nick Staikos was on the ground today with Consumer Affairs Victoria officers and Member for Southern Metropolitan Region Ryan Batchelor at McKinnon Petrol in McKinnon to announce that almost 1,300 retailers are now onboard across the state and ready to report their fuel prices.
The retailers are now required to report their fuel prices through a new fuel finder feature soon available on the Service Victoria app that will help motorists make informed decisions about when and where they fill up their tank.
Data published last year from the Australian Competition and Consumer Commission found Melbourne motorists could have saved up to $333 in 2023 from filling up at the lowest point of fuel price cycles and from shopping around for lower priced fuel retailers.
Mandatory real-time fuel price reporting requires all fuel retailers to report their prices on the new fuel finder feature, giving Victorian drivers the information they need to find their area's most affordable fuel price.
The regulations commenced in August ahead of the official launch of the fuel finder feature later this year, to ensure retailers are compliant and onboarding complete ahead of the launch.
Victorian fuel retailers must now be registered with Service Victoria and report their fuel prices whenever they change, with penalties applying for those who are non-compliant.
Consumer Affairs Victoria is responsible for ensuring fuel retailers are aware of their obligations and are supported to comply with the new regulations.
Inspectors from Consumer Affairs Victoria have been out across the state visiting service stations and educating and informing their owners and staff about their obligations and will continue to monitor compliance and conduct site inspections throughout Victoria.
For more information, visit consumer.vic.gov.au/fuel-price-reporting
As stated by Minister for Consumer Affairs Nick Staikos
"Under our plan, you'll be able to find out tomorrow's fuel price at every single servo on your route to work and make your decisions accordingly."
As stated by Minister for Government Services Natalie Hutchins
"This will save Victorians money and time, and I'm thrilled that we have so many retailers ready to report fuel prices ahead of launch later this year."
As stated by Member for Southern Metropolitan Region Ryan Batchelor
"Most Victorian fuel retailers want to do right by their customers - it's great to see retailers onboard and complying with the fuel regulations."
