RACQ has called for the ACCC to investigate price gouging by fuel companies. 

Now, they are calling for a cap on how much petrol companies can raise prices.

RACQ’s Principal Economic and Affordability Specialist, Dr Ian Jefferys, told Shane Doherty on 4BC Drive, “At RACQ, we’ve done our own research and we’ve got to the point where we’ve had enough inquiries, and we need to see some regulation.”

“The market is failing to deliver reasonable petrol prices to consumers, and we are calling for a 5-cent cap on the amount that fuel companies can increase their prices on any given day,” Dr Jefferys said.

Hear more highlights from Summer Drive below: 

Image: iStock

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