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Who prices petrol? Why petrol costs are not a corporate conspiracy
FACTS
No retail product draws as much scrutiny as petrol. Petrol operates in a dynamic marketplace based on supply, demand and competition. Yet every time there is a shift in petrol prices consumers, politicians and regulators cry foul.
The irony is that despite numerous Government investigations into petrol pricing and pricing arrangements they never find inappropriate conduct by companies, but they still recommend greater scrutiny. But the least scrutinised and market-orientated components of petrol pricing are the taxes
imposed by Government.
This FACTs answers simple questions on what affects the pricing of petrol.