Shopper docket war nears end

 

PetrolWoolworths and Coles are said to be close to finalising a deal with the Australian Competition and Consumer Commission (ACCC) to par back their petrol discounting schemes.

According to The Age newspaper, a new agreement which would allow petrol shopper docket programs to continue, would see a limit put on the value of discounts given.

The Australian Retailers Association among others has been lobbying the Government and ACCC over the inequity of the schemes for some time.

Petrol discounts offered by the two majors can be as high as 45 cents per litre, which places increased pressure on independent petrol stations and supermarkets and further hampers competition within the already diluted Australian supermarket industry.

ACCC chairman, Rod Sims, last week conceded that the majority of petrol discounts are funded by the supermarkets, a fact which is problematic long term for the fuel market.

Comments

1 comment

  1. Avatar

    Clunking Fist posted on December 4, 2013

    "would see a limit put on the value of discounts given" Yay, the govt rides to the consumers' rescue! Err, no: wait... FFS, the bureaucrats can't have too much competition: someone might get hurt. "ACCC chairman, Rod Sims, last week conceded that the majority of petrol discounts are funded by the supermarkets, a fact which is problematic long term for the fuel market." WhoTF are these fuel-marketeers that need saving? International oil giants? Well, I for one are glad that Australian fuel consumers are doing their bit to minimise "problems" for these poor behemoths! reply

Comment Manually

I have read and agree to the Terms and Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Inside Retail Polls

Is the US-China trade war having an impact on your business?
Vote

Twitter

#AlceonGroup announce first Victorian @Lego_Group store to open in @WestfieldAU Doncaster #retail https://t.co/qMfYJp5WFM

17 hours ago

Almost half of online marketplace @Kogan gross profit for FY19 came from its private label offering #retail #onlinehttps://t.co/lLwhKBnVp2

2 days ago

Talks of a merger between @OZretailers and @retailaustralia have come to a close, with the parties failing to align… https://t.co/hkqHyDsBkr

1 week ago
x

SUBSCRIBE
FREE NEWS BRIEFS Get breaking news delivered