Fuel price reporting
From December 2018, a fuel price reporting trial will help motorists find the cheapest fuel prices. Under the 2-year trial, all fuel retailers will be required to report their fuel prices.
The trial will enable Queensland motorists to compare fuel prices in their local area, find the cheapest price and save money at the bowser.
Ways you can start saving now
Although the price reporting trial starts from December, you can start saving now by checking fuel prices on the existing comparison websites and apps.
You can currently check fuel prices using websites and apps such as MotorMouth, GasBuddy, PetrolSpy, RACQ and Compare the Market. These websites and apps may not include all petrol stations.
While the current fuel reporting websites and apps for Queensland may not include the most up-to-date fuel price information from all fuel retailers, once the trial starts this information will be available to them.
About fuel prices
Fuel prices in most large cities move up and down in regular patterns or cycles. The cheapest and most expensive days to buy fuel can change from cycle to cycle.
Mandatory fuel price reporting is designed to make it easier for motorists to take advantage of the fuel price cycle to find the best deal. However, it will not stop the price cycle that motorists experience around the world.
Regulatory impact statement
Consultation on the regulatory impact statement on fuel price reporting is now closed and we are considering the submissions. Once we have done this, we will release our response to the submissions and our decision.
Aggregation service provider
Following a tender process, we have appointed Informed Sources to develop the aggregation service. The aggregator will enable fuel retailers to submit their fuel prices within 30 minutes of making a price change. Fuel price reporting websites and apps can then access the fuel price data from the aggregator.
Information for fuel retailers
We will provide fuel retailers with information on their fuel price reporting obligations and compliance activities closer to the launch.
We will also work with fuel industry representatives including the Australian Institute of Petroleum, the Australasian Convenience and Petroleum Marketers Association and the Motor Trades Association of Queensland as we prepare for the start of the trial.
Information for fuel price reporters and app developers
We welcome fuel price publishers, fuel reporting app owners and app developers to report fuel prices in innovative ways. By having a variety of independent reporting services publishing the latest fuel data, Queenslanders will have the power to choose where and how they access fuel price information.
If you want to find out about how to become involved, please email your details (business name, ABN, contact name, preferred email address and number) to email@example.com.
A working group of industry stakeholders including the RACQ, the Australian Institute of Petroleum and the Australasian Convenience and Petroleum Marketers Association assisted the Queensland Government in developing options for this trial.
The working group has considered existing fuel price reporting arrangements, options for ensuring fuel retailers report accurately, lessons from other jurisdictions, and the consumer benefits and regulatory costs of alternative models.
For more information about this trial, please email firstname.lastname@example.org.
Last updated 11 October 2018