Navigating the ever-changing landscape of fuel prices could be a daunting task, especially for senior motorists who are often on a fixed income.

However, for residents of one state, a new initiative could make this task easier while saving a pretty penny.

The Victorian state government recently unveiled a plan that could give some relief from the unpredictable swings in petrol prices.

Premier Jacinta Allan announced the 'Fair Fuel Plan', which should take effect on 1,500 petrol retailers in the state.

These petrol stations are now required to lock their fuel prices in for 24 hours.

With the new initiative, petrol stations are only allowed to raise their prices once a day. Image Credit: Pexels/Engin Akyurt

Stations are also required to announce their fuel prices in advance and restrict price hikes to only once per day.

'The Fair Fuel Plan won't change everything, but it's one extra tool at families' disposal to help them save at the servo—another way to keep fuel companies transparent about the prices they set and the deals they promote,' Premier Allan stated.

'This is not about punishing retailers, this is about helping motorists.'

With the ability to plan and the Fair Fuel Plan, drivers could see annual savings of up to $333.

That's a significant sum that could go towards other essentials at home.

Fuel price reporting in Victoria is currently voluntary, but the Fair Fuel Plan aimed to integrate the data into the Service Victoria app's fuel finder.

With just a few taps, motorists may check local fuel prices 24 hours before they take effect.

The Fair Fuel Plan should take place throughout the year.

It's a step towards greater transparency and more savings for drivers amid the cost-of-living pressures.

For those who remember the days of predictable fuel prices, this plan could bring back a bit of peace of mind.

It's a reminder that while the world is changing rapidly, there are still measures being taken to protect consumers, especially seniors, who often feel the pinch of rising costs more acutely.

Key Takeaways

• Victoria's state government introduced a 'Fair Fuel Plan', requiring petrol stations to lock fuel prices in for 24 hours.
• Petrol stations in Victoria need to announce daily fuel prices in advance to prevent the practice of price gouging.
• Motorists could save up to $333 annually by taking advantage of the cheapest fuel prices available.
• The fuel price information will be made available on the Service Victoria app through its fuel finder feature.

What are your thoughts about the Fair Fuel Plan? Would you like to see a similar plan in your state? Share your stories and opinions about this bold move in the comments section below!

 

[Wandiwa]

WA govt has had fuel prices locked daily for probably the last decade approx.
Fuelwatch website shows tomorrows fuel prices in your surrounding suburbs & updates at 2:30pm everyday.
The way EVERY servo hikes their prices on the same day, is blatant price fixing, but nobody questions it?
Daily emails are despatched, to give you all tomorrows fuel prices. Works very well.

 

[deni67]

WA govt has had fuel prices locked daily for probably the last decade approx.
Fuelwatch website shows tomorrows fuel prices in your surrounding suburbs & updates at 2:30pm everyday.
The way EVERY servo hikes their prices on the same day, is blatant price fixing, but nobody questions it?
Daily emails are despatched, to give you all tomorrows fuel prices. Works very well.
View attachment 67217

Longer than that, when I use to live there back in the late 90s the fuel was locked in for 24 hours then.