Motorists able to lock in low petrol prices for 24 hours under Victoria’s new ‘fair fuel’ plan
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State government will force 1,500 petrol stations to report fuel prices a day in advance under ‘cost-of-living shake-up’. Petrol stations in Victoria will be forced to publicly report their fuel prices a day before they come into effect, with motorists then able to lock them in for 24 hours, under a “cost-of-living shake-up” announced by the state government.
The Victorian premier, Jacinta Allan, on Monday announced her “fair fuel-price plan” in Werribee, in Melbourne’s outer west, ahead of a crucial byelection in the area next month. Under the plan, more than 1,500 fuel retailers across the state will be required to announce their prices ahead of time, with this data to feed directly into a new fuel-finder feature on the Service Victoria app, where motorists can lock in the prices for 24 hours.
“You know how much fuel prices fluctuate – under our plan, you can find out tomorrow’s fuel price at every single servo on your route to work and make your decisions accordingly,” Allan said. “We know this won’t change everything for families who are doing it tough, but these savings can add up to hundreds of dollars a year.”.
The change will come into effect in two phases over 2025, with mandatory reporting to begin first in “the next few months”, Allan said. The 24-hour price cap, as well as enforcement measures and penalties for fuel retailers who do not comply, requires legislation and will be subject to consultation with industry.
