Australia’s major fuel suppliers being investigated over alleged price-gouging amid Iran war

The Australian Competition and Consumer Commission (ACCC) is investigating major fuel suppliers, including Ampol, BP, Mobil, and Viva Energy, for potential anti-competitive behavior amid fuel shortages. The investigation focuses on diesel availability to independent wholesalers and distributors, particularly in regional and rural Australia. These shortages are reportedly linked to the Iran war. Prime Minister Anthony Albanese announced a new national fuel supply taskforce in response to the situation. He also urged motorists to purchase only the fuel they require. The ACCC investigation aims to determine if price-gouging or other anti-competitive practices are occurring within the fuel supply chain.