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Petrol Price Contempt in Australia

The price of petrol in Australia has become a complete joke. For years now, the motoring public has been getting conned by the Oil Companies and it is past time for the ACCC to get the gumption to do something about it. Motorists are fed up with the lies coming out from the Oil Companies and the Motoring Associations about why the price is the way it is.

The first of many deceitful stories was blaming the price on the war activity in Iraq and the Middle East. According to the oil companies, prices needed to rise because there was a shortage of crude oil supplies due to the war. This apparently was the reason why crude oil prices sky-rocketed, thus causing petrol prices to do the same. Add in the currency exchange rates at the time and it made petrol prices extremely high.

Now ok, this may have actually been close to the truth, but why didn't the fuel prices have a major fall when the strength of the Australian Dollar rose so sharply against the 'Greenback'. After all, the price of crude oil per barrel is given in $US Dollars isn't it? Once again the motorists were given more feeble excuses about the price of a barrel of crude oil. Pity at the time that the price of crude oil had actually dropped from the record highs of the Gulf War era. Leading to more resentment of the oil companies coming from the motoring public and calls for the ACCC to step in and do something about it.

But now, because the oil companies don't have some sort of war or other factors that they can easily blame, they come out with even more ridiculous excuses. Today, December 27, 2012, in Melbourne, there were reports on all major television news stations that the price of petrol was indeed rising by up to $0.17cents per litre. The reason given being that we were at the end of an 11 day discount cycle and the wholesale price of petrol had gone up so operators were left with no choice but to raise prices.

Hang on just a minute, do they thinks that the motorists really are that stupid? Early today, you could buy a litre of normal unleaded fuel for an average of 130.9cents per litre, then at lunch time, prices started to rise to around 147.9cents per litre. This as stated in the reports was due to an increase of the wholesale price to 127cents per litre. Now until the service stations actually get a fresh delivery of fuel from the oil companies at the new wholesale price, the fuel in their tanks has still cost them the old wholesale price.

So enough is enough. It is time for the government appointed ACCC to step in and do something about this. It is time for the oil companies to be stop that they are no longer allowed to come up with these ridiculous statements as to why the price is so high. Surely they can afford to lower the prices, after all, the oil companies are still making multi-billion dollar profits each year. So time for action. Time for the oil companies and motoring associations to stop treating the motoring public with contempt, time for the ACCC to step up to the plate and have the fuel prices.

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