Resources

At a Glance How are Petrol Prices Determined in Australia

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Fuel prices around the world are largely determined by regional markets and the benchmark prices and government taxes applying in those markets.

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There is an extensive range of Federal, State/Territory and Local government regulations and legislation applying to refineries and businesses operating in the downstream petroleum industry. Some of the key regulations are outlined below. Formal Price Monitoring On 17 December 2007, under…

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The Federal Government has introduced regulation of the quality of petrol and diesel fuel in Australia. The principal drivers of the fuel quality regulation are environmental. The adoption of emerging vehicle engine and emission control technologies is a key strategy in the management of ambient…