Canberra petrol stations made double the profit of their NSW counterparts last year

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If you suspect you are being ripped off for fuel in Canberra — you are right.

Nationally, retailers have limited control over the price of petrol; 90 per cent of the final price of petrol is the wholesale cost.Over the past six years, unleaded petrol prices in Canberra were on average about 9c per litre higher than in Sydney, and 2.3c per litre higher than the towns surrounding Canberra.

"Canberra service stations typically make larger profits than those in the regional comparison locations, in part due to a higher volume of fuel sold in Canberra and, in recent years, an increase in the net retail margin," senior commissioner Joe Dimasi said in his report. "Petrol retailers in Canberra are typically located off major roads and in local shopping and industrial districts," the commissioner said..And to little surprise to most Canberrans, the commissioner found that at the airport and in Fyshwick, where there were independent outlets in sight of the big retailers, retailers had the lowest prices and smallest profit margins.

 

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