ACCC Petrol Report shows prices still high despite global weakness* The Australian Competition and Consumer Commission has released its 2013 report on the prices, costs and profits of unleaded petrol in Australia. “The report shows that international prices and domestic fuel taxes are the key drivers of petrol prices. Domestic petrol prices remained high in 2012-13 on the back of persistently high international prices,” ACCC Chairman Rod Sims said. The average annual retail price at the pump for the five largest capital cities during 2012‑13 fell slightly to 141.3 cpl compared with 142.8 cpl in 2011‑12. “The monitoring report shows that the international price of petrol plus fuel taxes account for 89 per cent of the retail price of petrol, while the local wholesale and retail sectors
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