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The Daily Telegraph (Australia): Senator seeks petrol retail review

September 04, 2006 12:00

FAMILY First senator Steve Fielding wants to limit the amount of service stations that companies can own, in a bid to cut petrol prices.

Senator Fielding says he will introduce this week amendments to the Petroleum Retail Legislation Bill, now before Parliament.

“We as politicians have to make sure that we create a framework that allows competition and allows independence to survive. At this stage we’re not,” Senator Fielding said today.

Senator Fielding is proposing a competitive framework for petrol service stations, so that no one company can own more than 25 per cent of the market.

He says up to 70 per cent of the retail petrol market is controlled by Shell/Coles and Caltex/Woolworths, and their domination is likely to increase.

Senator Fielding says his party’s changes would protect small business and provide greater competition, as well as give petrol stations the power to collectively bargain with oil giants.

“Family First wants to make sure we have the lowest petrol prices that we can get,” he says

 

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