As a result of RAA's advocacy, real-time fuel prices have now been launched, as part of a two year trial from the State Government.
RAA’s persistent campaigning for greater transparency around fuel pricing is the reason why our members – and all South Australians – have the potential to be financially better off. South Australians can now enjoy the same fuel price information already available to motorists in New South Wales, Queensland, Northern Territory, ACT and Tasmania.
Real-time fuel pricing
Under real-time fuel pricing laws, the State Government requires all SA fuel retailers to report their prices to a central database within 30 minutes of the price changing at the pump. These prices are then published in real-time on websites and apps. South Australia’s two-year trial began on 19 March 2021.
Here's how it'll benefit SA motorists now it's been introduced.
Accurate, up-to-date prices online
Before real-time fuel pricing, SA motorists could access petrol price information through a range of fuel-comparison apps that rely on a mix of data from users, retailers and private companies. However, this information wasn’t always accurate or up-to-date.
Mandatory real-time fuel price reporting means prices published online are updated regularly, helping consumers save money at the pump by choosing when and where to buy.
According to the Australian Competition and Consumer Commission (ACCC), giving motorists more access to petrol price data will empower them to make better purchasing decisions.
Option to shop around
By using the myRAA app or website to access real-time fuel prices, motorists in SA can check to see where the cheapest and most expensive fuel in their area is being sold, allowing them to shop around and find the best deal.
This is particularly handy when fuel prices spike by 30 to 40 cents a litre within a couple of hours. Access to real-time fuel pricing has the potential to save South Australians hundreds of dollars per year. Motorists using these apps to buy petrol from the cheapest Adelaide retailer at the cheapest point in the fuel price cycle could typically save $230 a year.
Mandatory real-time fuel price reporting will help give motorists the power to find cheaper fuel, meaning retailers who offer the best deal are likely to be rewarded with more customers. This will encourage more competition between retailers, which may lead to lower average prices.