Fuel retailers will face a “compliance blitz” from both State and Federal levels amid widespread concerns over price gouging in the wake of the US-Israel-Iran conflict.
NSW Premier Chris Minns has been the latest leader to put dodgy fuel retailers on notice as he vowed the state would beef up compliance checks.
The state has “doubled” its number of inspectors after reports some retailers had unnecessarily lifted prices almost as high as $3 per litre.
Ahead of an urgent fuel roundtable on Monday with key stakeholders, Mr Minns told a press conference that while panic buying was clearly occurring, retailers shouldn’t be unfairly capitalising.
“We’ll also be bringing forward compliance checks for fuel checks,” he said.
“Which is a compliance blitz for fuel checks run by New South Wales Fair Trading to ensure that there is appropriate and legal distribution of petrol at the retail level.
“That enforcement … will be brought forward a week with double the number of inspectors across New South Wales.
“I want to make it clear that, as it stands today, we have the supplies on shore to deal with our energy needs, and we are just asking consumers, motorists across the state to be responsible with fuel buying.”