Consumers could be slugged more at browsers across NSW after the Baird government introduces today regulations that would be excellent service stations if they did not meet minimum targets for the sale of ethanol-based petrol, the fuel that has proven unpopular with motorists. While NSW has had an ethanol target for several years, regulations have applied only to companies operating 20 or more petrol stations. The company secured nearly two dozen meetings with government ministers and donated more than $160,000 to the Coalition in the year before the decision was made to tighten regulations.

Key Takeaways:

  • Sales of ethanol-based petrol have fallen substantially in recent years, down by a third since 2010, according to the Office of the Chief Economist.
  • The current rate of consumption was 2.4 customers out of every 10, a steady fall from highs of about four in 10 in 2012, Mr ­McKenzie said.
  • The company secured nearly two dozen meetings with government ministers and donated more than $160,000 to the ­Coalition in the year before the decision was made to tighten regulations.

“The new rules will threaten petrol stations with fines of up to $500,000 for each quarter they fail to sell at least 6 per cent ethanol as a proportion of their total sales.”

http://acapmag.com.au/home/2016/10/ethanol-targets-hurt-rising-petrol-prices/

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