SA Parliament has passed legislation to deliver real time petrol pricing to South Australians.
This will make it easy for motorists to find the cheapest fuel closest to them at any given time.
Petrol stations will need to report their prices to a central database as close in time as possible to the price changing at the pump. The data will then be available for free to the public via fuel price apps.
The fuel price reporting scheme will run as a trial for two years.
The Government is currently undertaking a procurement process through SA Contracts and Tenders to engage a company to run the centralised database. This process is expected to be finalised in 2020.
Early in the New Year a tender process will commence for a data validation service, to ensure accuracy and validity of fuel prices.
CBS will soon be writing to industry bodies, motoring groups and fuel retailers in SA to provide an overview of the scheme and the requirements for retailers, including the requirement to register with CBS.
Once the trial is up and running, a number of factors will be monitored to determine the extent of the overall benefit for South Australians.
Motorists will also be able to report any price mismatches to CBS, and penalties will apply to petrol stations where they are found to be in breach of the new requirements.
Background to the reforms
The South Australian Productivity Commission (SAPC) conducted a review into fuel pricing and reported on the options for SA to increase transparency in fuel prices.
The SAPC report found that while petrol price cycles still exist in states that use fuel price monitoring, having real time data helps consumers find low cost fuel.
The particular scheme chosen for SA will allow motorists to access comprehensive fuel price information that is more accurate and transparent.
- Read the South Australian Productivity Commission's report on Fuel Pricing
- Read more about the Government's response to the SAPC report.
- South Australians one step closer to real time fuel prices – media release