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canadian goose jacket In 2016 17, the annual average net profit for service stations in the ACT was $670,000, compared to $400,000 in the rest of the country.The report showed Canberra’s petrol prices have been on average 11.8 cents per litre more expensive than Sydney’s in 2018 19.However, that difference shrunk to just 0.6 cents per litre in May.The gap between prices in Canberra and surrounding regional towns has also contracted to 0.4 cents per litre, down from an average of 1.7 cents per litre since 2012 13.Mr Barr attributed that to the heightened scrutiny on Canberra’s petrol market, which was kickstarted by a campaign in The Sunday Canberra Times earlier this year.The series of stories, which showed Canberra motorists were being gouged at the bowser, prompted Mr Barr to establish an ACT Assembly committee to inquire into the issue.”It appears the scrutiny of the ICRC and the extraordinary powers it holds to compel companies to hand over financial records has made a difference to the prices being charged to Canberra motorists,” Mr Barr said.”We need to ensure this continues and providers don’t unjustifiably hike their prices.”The assembly select committee tabled an interim report in May, which flagged a series of dramatic proposals, including providing fuel subsidies for low income families and quarantining prime real estate for new service stations. The committee is due to hand down its final report later in the year.In the meantime, Mr Barr said the cross party committee should consider establishing a permanent standing committee, which, like the independent watchdog, would have the power to compel fuel companies to hand over their financial accounts.Mr Barr has previously threatened government intervention to bring down fuel prices, although he’s unlikely to commit to any action until the select committee deliver its recommendations.The watchdog’s 150 page report found the ACT had the smallest proportion of independent retailers of any market in the nation, with the four major brands Coles Express/Shell, Caltex, Caltex/Woolworths and BP accounting for more than 75 per cent of the territory’s 58 outlets.Canberra’s outlets were also found to be more profitable than sites interstate. In 2016 17, the annual average net profit for service stations in the ACT was $670,000, compared to $400,000 in the rest of the country canadian goose jacket.