Petrol companies that breach Queensland Labor’s promised price clampdown could face $100,000 fines, and service stations be forced to pay back any overcharged motorists, if the regulations follow an interstate model.
Treasurer Cameron Dick would not be drawn on potential penalties for non-compliance, but said, “if we need stronger sanctions to do that, of course we will look to do that”. “We want to see more competition in the market; in particular more independent fuel retailers,” Miles said. Greater Brisbane’s fuel cycle - shown in red - shows higher fuel prices and longer price cycles. Perth shown in orange has lower prices and more frequent fuel cycle. Labor promises to adopt the WA fuel price scheme.The RACQ’s Dr Ian Jeffreys said there was no evidence the proposed changes would lead to higher average fuel prices.
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