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Fuelling Australia: Structural Changes and New Policy Challenges in the Petrol Industry

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  • David P. Byrne

Abstract

type="main" xml:lang="en"> This article discusses structural changes and emerging policy issues in the Australian petrol industry. The evolution of wholesale markets is a globalisation story: rapid economic growth in countries like China and India is bringing global crude and petrol prices to historical levels and creating significant changes in Australian petrol refining and distribution. In the retail market, recent anti-trust cases have centred on information technology, specifically online platforms that aim to inform firms and consumers of petrol prices. I discuss these and other developments that are creating new challenges for the Australian Competition and Consumer Commission.

Suggested Citation

  • David P. Byrne, 2014. "Fuelling Australia: Structural Changes and New Policy Challenges in the Petrol Industry," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 47(4), pages 523-539, December.
    • Handle: RePEc:bla:ausecr:v:47:y:2014:i:4:p:523-539
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    Cited by:

    1. David P Byrne & Jia Sheen Nah & Peng Xue, 2018. "Australia Has the World's Best Petrol Price Data: FuelWatch and FuelCheck," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 51(4), pages 564-577, December.
    2. Fasoula, Evanthia & Schweikert, Karsten, 2018. "Price regulations and price adjustment dynamics: Evidence from the Austrian retail fuel market," Hohenheim Discussion Papers in Business, Economics and Social Sciences 08-2018, University of Hohenheim, Faculty of Business, Economics and Social Sciences.
    3. Valadkhani, Abbas & Smyth, Russell & Vahid, Farshid, 2015. "Asymmetric pricing of diesel at its source," Energy Economics, Elsevier, vol. 52(PA), pages 183-194.
    4. Valadkhani, Abbas & Smyth, Russell, 2018. "Asymmetric responses in the timing, and magnitude, of changes in Australian monthly petrol prices to daily oil price changes," Energy Economics, Elsevier, vol. 69(C), pages 89-100.

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