Saturday, July 22, 2006

ACCC urged to monitor ethanol prices.

The Federal Government has asked the Australian Competition and Consumer Commission (ACCC) to start monitoring the price of ethanol blended fuel.
The Deputy Prime Minister Mark Vaile made the announcement at a Nationals state conference in Brisbane this morning.
Mr Vaile says fuel companies are not passing on the production subsidies in ethanol fuels, a saving of about four cents a litre.
He says at a time when fuel prices are hurting all Australians every opportunity should be taken to help consumers.
"The ACCC through price monitoring can apply the greatest pressure possible to the distribution system by identifying to consumers what is going on," he said.
"If consumers start voting with their feet and they go and buy their product from distributors that are passing on the saving then other companies will soon get the message."
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