Peter Costello (Higgins, Liberal Party, Treasurer) Share this | Hansard source

I will table for the benefit of the House and both sides of the parliament the prices from the International Energy Agency data on petrol, ex tax and with tax, in the countries of the OECD. It shows that there is a remarkable uniformity in the ex-tax price right across the OECD, that the only substantive variation is in relation to the tax component and that the tax component in Australia is the third lowest in the OECD after the United States and Canada—meaning that in the relevant quarter, which I believe was the March quarter, the price in Australia was up around $1.30, compared with countries such as Norway, where it was about $2.70, and the United Kingdom, where it was about $2.20. I will also table the release I put out in relation to daily average retail price monitoring at 3,600 sites across Australia—and I invite members of parliament who want to access that information to look at the ACCC’s website.

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