Advertisement

Fuel retailers put on notice to pass on savings

Fuel retailers put on notice to pass on savings Fuel retailers are being put on notice to pass on savings from huge falls in oil prices.

The crude oil price has plunged by 30 per cent, as the coronavirus outbreak dampens demand but Saudi Arabia and Russia are refusing to scale back output, triggering a price war.

Treasurer Josh Frydenberg is pressuring the competition watchdog to ensure retailers do not take advantage.

Mr Frydenberg spoke to the ACCC Chair Rod Sims on Monday to guarantee that the watchdog will call out any bad behaviour.

fblink,msn,national,yt,6139897347001,

Post a Comment

0 Comments