Fuel retailers are happy to exploit without conscience

AS it has been said, scammers don’t miss an opportunity to exploit a crisis.

What we have is another Australian predicament, like the recent bushfires and floods, ideal for them to shine.

The present unpleasant global health crisis has left many without work and hope.

But scammers come in a legion of disguises. Principal among them are our major wholesale oil giants. While Russia and Saudi Arabia are suffering billions in loss, due to low demand and oversupply, they are at least accepting wholesale oil world market price for the duration.

Retail prices have dropped dramatically to historical lows and over supply.

Deliveries for essential services to supermarkets and warehouses stockpiling medical supplies, basic government services and charities relying on transport, all require fuel.

However, with Easter and school holidays looming, oil retailers, many with a monopoly, are now jumping on the usual bandwagon, jacking up prices, despite the bottom falling out of the oil barrel price.

Markets have taken a hit, but there are those who will exploit and continue to use their monopoly to extend their profit margins during peak demand periods.

This is why we need more independents, who can be relied on, due to their honesty and lower margins due to competition.

Loyal customers are willing to support their local stations.

An oil price hike is standard for all holiday and long weekends.

Oil companies are quick to exploit these without conscience.

Word has it that $1.59 per litre unleaded will be the going price.

The Federal Government has warned oil companies and retailers to pass on cheaper prices, but any appeal for a fair deal always falls on deaf ears. The ACCC is nothing but a paper tiger.

ELOISE ROWE, TANNUM SANDS