ACCC investigating Ampol, BP, Mobil Oil and Viva Energy for anti-competitive conduct amid fuel crunch
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The news: The Australian Competition and Consumer Commission (ACCC) has launched a formal investigation into anti-competitive conduct allegations in relation to fuel suppliers Ampol, BP Australia, Mobil Oil and Viva Energy.
The context: The ACCC said it had received reports concerning diesel availability to independent wholesalers and distributors across Australia’s regional and rural districts.
This was also in addition to the ACCC’s meeting request with the companies on 13 March to discuss recent price increases revealed in its latest fuel monitoring update.
What they said: “It is not our usual practice to publicly announce investigations, but given the significance of the issue, the ACCC is confirming this enforcement investigation,” ACCC chair Gina Cass-Gottlieb said.
“We recognise the widespread concerns held by consumers, businesses and farmers about fuel pricing and supply issues arising during the Middle Eastern conflict,” she added.
The source: ACCC media release
