Diesel price is China’s fault – ACCC

THE devastating earthquake in China and stockpiling for the Beijing Olympic Games are among factors which have forced the price of diesel up at a faster rate than petrol, the consumer watchdog says.

The Australian Competition and Consumer Commission (ACCC) says it has been asked by the Federal Government to start a renewed focus on LPG and diesel prices.

“Consumers have been concerned about the increased price of diesel and we are monitoring international benchmark prices and retail price movements on a daily basis across capital cities and country towns,” ACCC petrol commissioner Pat Walker said in a statement.

The average daily retail diesel price has risen by more than 17 per cent or 26 cents per litre this year in the country’s five largest cities – Sydney, Melbourne, Brisbane, Adelaide and Perth.

News.com.au