The Australian Competition Authority states that petrol retailers should avoid using the current COVID-19 outbreak to increase their profits but rather be in line with international petrol prices falls

PETROL RETAILERS SHOULD REDUCE THEIR PRICES IN LINE WITH FALLS IN INTERNATIONAL PETROL PRICES* Petrol retailers should not use the current pandemic to further increase profits, which the latest ACCC petrol industry report shows have risen in recent years, and should pass on the full benefit of falling oil prices to motorists, the ACCC has said. Weekly average international crude oil prices have decreased by around US$ 50 per barrel since the beginning of the year and this has largely flowed through to Australian wholesale petrol prices, which have decreased by around 50 cents per litre (cpl) in the same period. Over the same period, seven-day rolling average petrol prices across the five largest cities (i.e. Sydney, Melbourne, Brisbane, Adelaide and Perth) have decreased by around 45