Massive win for motorists as real-time fuel pricing law introduced
Thursday, 23rd Jul 2020
Motorists are a step closer to cashing in on the cheapest petrol prices with the passing of real-time fuel pricing legislation in State Parliament today.
Having been campaigning for laws to help motorists find cheap fuel prices and save money, RAA welcomed the passing of the legislation today.
The legislation requires all fuel retailers to provide the government with the price they are charging for petrol, diesel and LPG, which can then be shared with the public online.
RAA fuel expert Mark Borlace said motorists would welcome the introduction of real-time fuel pricing because it will give them the information they need to find the cheapest prices available to save money.
“RAA research shows Adelaide has the greatest variation in petrol prices of any state capital, and that’s why RAA has been calling for this legislation,’’ he said.
“Petrol prices can spike by up to 40c/l – adding an extra $24 to the cost of filling the tank of a typical family sedan.
“That’s why it is so important that motorists have this money saving tool to track the movement of fuel prices and buy at the cheapest outlets.’’
The fuel price information – which is updated each time retailers change the price – will be available for app companies to share with motorists online, Mr Borlace said.