Competition and Consumer (Price Monitoring—Petroleum Fuels) Direction 2025

Competition and Consumer (Price Monitoring—Petroleum Fuels) Direction 2025

made under the Competition and Consumer Act 2010

Compilation No. 1

Compilation date: 2 May 2026

Includes amendments: Competition and Consumer (Price Monitoring—Petroleum Fuels) Amendment Direction 2026

Prepared by The Treasury

About this compilation

This compilation

This is a compilation of the Competition and Consumer (Price Monitoring—Petroleum Fuels) Direction 2025 that shows the text of the law as amended and in force on 2 May 2026 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au).

Application, saving and transitional provisions

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. Any modifications affecting the law are accessible on the Register.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents

Part 1—Preliminary

1 Name

3 Authority

5 Definitions

Part 2—Price monitoring of petroleum fuels

6 Object

7 Commission to monitor prices

8 Direction to give special consideration to specified matters

Endnotes

Endnote 1—About the endnotes

Endnote 2—Abbreviation key

Endnote 3—Legislation history

Endnote 4—Amendment history

Part 1—Preliminary

1  Name

  This instrument is the Competition and Consumer (Price Monitoring—Petroleum Fuels) Direction 2025.

3  Authority

  This instrument is made under the Competition and Consumer Act 2010.

5  Definitions

Note: Expressions have the same meaning in this instrument as in the Competition and Consumer Act 2010 as in force from time to time—see paragraph 13(1)(b) of the Legislation Act 2003.

  In this instrument:

ANZSIC means the Australian and New Zealand Standard Industrial Classification 2006 (1292.0), published by the Australian Bureau of Statistics, as in force on the day this instrument commences.

Note: The Australian and New Zealand Standard Industrial Classification 2006 could in 2025 be viewed on the Australian Bureau of Statistics website (https://www.abs.gov.au).

bulk petroleum storage sub-industry means so much of the following as relates to bulk petroleum storage services:

 (a) the other warehousing and storage services industry;

 (b) the port and water transport terminal operations industry.

exempt supply has the same meaning as in Part VIIA of the Act.

fuel retailing industry means the class of fuel retailing (class 4000) as classified in ANZSIC.

goods has the same meaning as in Part VIIA of the Act.

other warehousing and storage services industry means the class of other warehousing and storage services (class 5309) as classified in ANZSIC.

petroleum fuel manufacturing industry means the class of petroleum refining and petroleum fuel manufacturing (class 1701) as classified in ANZSIC.

petroleum product wholesaling industry means the class of petroleum product wholesaling (class 3321) as classified in ANZSIC.

port and water transport terminal operations industry means the class of port and water transport terminal operations (class 5212) as classified in ANZSIC.

price has the same meaning as in Part VIIA of the Act.

quarter means a period of 3 months ending on 31 March, 30 June, 30 September or 31 December.

services has the same meaning as in Part VIIA of the Act.

State or Territory authority has the same meaning as in Part VIIA of the Act.

supply has the same meaning as in Part VIIA of the Act.

the Act means the Competition and Consumer Act 2010.

Part 2—Price monitoring of petroleum fuels

6  Object

  The object of this instrument is to:

 (aa) promote transparency in the market for petroleum products in Australia, in particular during periods of significant disruption; and

 (a) continue the Commission’s monitoring of the prices, costs and profits relating to the supply of petroleum products in Australia for a further period of 5 years; and

 (b) direct the Commission to prepare reports in relation to the monitoring at least once every quarter.

Note: The Competition and Consumer (Price Monitoring—Petroleum Fuels) Direction 2022 directed the Commission to prepare quarterly reports in relation to its monitoring of the prices, costs and profits relating to the supply of petroleum products in Australia for a period of 3 years commencing on 1 January 2023.

7  Commission to monitor prices

 (1) Under subsection 95ZE(1) of the Act, the Commission is directed:

 (a) to monitor prices, costs and profits relating to the supply of goods and services in each of the following:

 (i) the fuel retailing industry;

 (ii) the petroleum product wholesaling industry;

 (iii) the petroleum fuel manufacturing industry;

 (iv) the bulk petroleum storage sub-industry; and

 (b) to give the Treasurer a report on the monitoring at least once every quarter during the period of 5 years beginning on 1 January 2026.

Note: Under subsections 95ZE(2) and (3) of the Act, the Commission must, in preparing such a report, have regard to the need for commercial confidentiality and must make copies of the report available for public inspection as soon as practicable after it gives the Treasurer the report.

Special reports

 (1A) Under subsection 95ZE(1) of the Act, the Commission is also directed, during the period covered by subsection (1B):

 (a) to monitor, in relation to the supply of goods and services mentioned in subparagraphs (1)(a)(i) to (iii), both in relation to each of the capital cities as well as other areas, all of the following:

 (i) the matters mentioned in paragraph (1)(a);

 (ii) unusual or discrepant movement of prices as a result of current market conditions; and

 (b) to give the Treasurer a report on the monitoring at least each week.

 (1B) This subsection covers the period beginning on its commencement and ending on 30 September 2026.

Exclusions

 (2) However, this section does not apply in relation to:

 (a) an exempt supply; or

 (b) the supply of a good or service by a State or Territory authority.

8  Direction to give special consideration to specified matters

  Under subsection 95ZH(1) of the Act, the Commission is directed to give special consideration, in exercising its powers and performing its functions under Part VIIA of the Act, to:

 (a) sections 6 and 7 of this instrument; and

 (b) monitoring the prices, costs and profits relating to the supply of:

 (i) petroleum fuel products; and

 (ii) services related to the supply of petroleum fuel products.

Endnotes

Endnote 1—About the endnotes

The endnotes provide information about this compilation and the compiled law.

The following endnotes are included in every compilation:

Endnote 1—About the endnotes

Endnote 2—Abbreviation key

Endnote 3—Legislation history

Endnote 4—Amendment history

Abbreviation key—Endnote 2

The abbreviation key sets out abbreviations that may be used in the endnotes.

Legislation history and amendment history—Endnotes 3 and 4

Amending laws are annotated in the legislation history and amendment history.

The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.

The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.

Misdescribed amendments

A misdescribed amendment is an amendment that does not accurately describe how an amendment is to be made. If, despite the misdescription, the amendment can be given effect as intended, then the misdescribed amendment can be incorporated through an editorial change made under section 15V of the Legislation Act 2003.

If a misdescribed amendment cannot be given effect as intended, the amendment is not incorporated and “(md not incorp)” is added to the amendment history.

Endnote 2—Abbreviation key

Endnote 3—Legislation history

Endnote 4—Amendment history