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Speaker 1: Three sixty with Katie Wolf thanks to Joyce Main Darwin

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Speaker 1: Homes on Stuart Highway, Bereromote.

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Speaker 2: It's twenty eight minutes after nine o'clock eight nine four

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Speaker 2: one one oh four nine. If you'd like to call

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Speaker 2: through this morning, if you'd like to send us a message,

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Speaker 2: as so many of you have done already about these

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Speaker 2: petrol prices, it's zero four double nine seven double one

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Speaker 2: three six zero. Now just to take you through those

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Speaker 2: terminal gate price prices and also the bowser prices in

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Speaker 2: Darwin today. Firstly, for your unlettered will, the terminal gate

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Speaker 2: price according to the Australian Institute of Petroleum, it is

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Speaker 2: sitting at a dollar sixty two point seven. Now at

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Speaker 2: the bowser you're paying two dollars five point five on

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Speaker 2: average for your diesel at the terminal gate it's a

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Speaker 2: dollar ninety point six.

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Speaker 1: Then when you go across to.

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Speaker 2: The bowser again the average around a dollar thirty three

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Speaker 2: point five. So there does certainly appear to be some

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Speaker 2: massive margins there. Now joining me on the line to

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Speaker 2: talk more about this is Jeff Trotter. He's an industry

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Speaker 2: expert who's worked with some of the world's major petrol

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Speaker 2: companies and is now the general manager of Fuel Track.

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Speaker 1: Good morning to you.

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Speaker 3: Jeff, Good morning Katie.

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Speaker 1: Great have you on the show, Jeff.

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Speaker 2: Have you been keeping an eye on the prices in

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Speaker 2: Darwin and how do you reckon we compare it to

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Speaker 2: other locations around the nation At this point, Katie.

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Speaker 3: We're actually tracking the prices at about one hundred and

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Speaker 3: eighty locations around Australia currently and have been doing now

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Speaker 3: for some months, principally to see whether or not matoris

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Speaker 3: we're getting the benefit of that reduction in the federal excise.

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Speaker 3: The federal government announced that reduction about twenty two and

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Speaker 3: a half since in the wholesale rate, but at the

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Speaker 3: pump it should have delivered it twenty five cent earlier.

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Speaker 3: Saving Now the concern we've got, Katie is that what's

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Speaker 3: happened apart from that reduction the excise is that since

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Speaker 3: the twenty third of June, there's been a significant and

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Speaker 3: I mean significant drop in international wholesale prices for unleaded

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Speaker 3: and diesel. And whilst we're seeing some savings being passed

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Speaker 3: on to motorists in the other capital cities for unleaded,

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Speaker 3: no significant savings are being passed on by the old

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Speaker 3: companies to anybody, and I mean anybody buying diesel around Australia.

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Speaker 3: It's really outrageous. Wow. Look in the situation in Darwen

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Speaker 3: in particular, you're right, you're unleaded come price about two

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Speaker 3: dollars six a liter, and they can and the wholesale

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Speaker 3: price is down below a dollars seventy, so they're making

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Speaker 3: they're making forty cents a letter on unleaded at that

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Speaker 3: price and diesel. Your average is two thirty four, you said,

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Speaker 3: and it's down below about ninety five, so they making

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Speaker 3: another forty plus cents a letter on diesel.

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Speaker 1: Right, it's jff.

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Speaker 2: It feels like we're being after, to put it politely, Look.

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Speaker 3: Darwin in particular is being shafted on unlettered petrol and diesel.

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Speaker 3: The rest of the nation has been completely shafted on diesel.

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Speaker 3: Let me tell you there's been no significant reduction in

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Speaker 3: diesel prices at any of the capital cities, let alone

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Speaker 3: any of the regional cities around Australia. Now, I know

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Speaker 3: this treasurer is said he's keeping an iron it, but

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Speaker 3: I don't know how much longer he's going to keep

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Speaker 3: an iron it to work out that materis have been

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Speaker 3: watered on. Diesel in particular, Darwin has a special case

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Speaker 3: run because most of our capital cities, apart from the

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Speaker 3: old people in Hobart as usual, all the other capital

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Speaker 3: cities you can get fuel between a dollar eight and

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Speaker 3: a dollar ninety anywhere. At the moment some of them

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Speaker 3: were down as well as a dollar seventy five. Darwin. No,

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Speaker 3: it's the Darwin cooker. You know. The boys the fixes

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Speaker 3: in and it took some very wrong action from the

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Speaker 3: Chief Minister a number of years ago to effectively sort

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Speaker 3: of break up that club up there. And I think

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Speaker 3: the Chief Minister needs to call them in again and

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Speaker 3: get a please explain from them why are they not

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Speaker 3: passing on any significant savings the pump Runt letter, but

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Speaker 3: particularly for diesel.

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Speaker 1: Jeff, that is like music to my ears.

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Speaker 2: Mate. I've been thinking, you know, why are we in

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Speaker 2: a situation here in the Northern Territory where we're not

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Speaker 2: doing what we did all those years ago when Adam

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Speaker 2: Giles was the Chief Minister. We called him out very

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Speaker 2: strongly on this show. At the time, Pete Davies was

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Speaker 2: the host. I was producing the show and he was

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Speaker 2: really strong on it. We felt like we were being

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Speaker 2: shafted back then, and it feels like we're in the

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Speaker 2: same situation now. But I can't believe, you know that

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Speaker 2: the Chief Minister is not actually standing up and going

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Speaker 2: hang on a second, why, you know, please explain why

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Speaker 2: these profit margins are the way that they are right now.

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Speaker 3: Yeah, And look, the Northern Arffism is in the unique position,

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Speaker 3: as I understand it, of the Chief Minister having the

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Speaker 3: power to actually call them in and set a price.

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Speaker 3: That's the power that most other states don't have. And

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Speaker 3: I understand it. Under some emergency legislation you've got available

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Speaker 3: to the Chief Minister, he can actually call them in

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Speaker 3: and if need be, he could set a sealing price

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Speaker 3: for them. And my guess would be that he should

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Speaker 3: drop it by twenty five cents a leader across unleaded

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Speaker 3: and diesel.

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Speaker 2: Wow, Jeff Old, just that you know, we've got a

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Speaker 2: female chief minister now, Natasha Fhiles is her name, But

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Speaker 2: the sentiment is still exactly the same. You know, I

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Speaker 2: think that really, if we are meant to have this

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Speaker 2: fuel excise in place, Look, honestly, it doesn't feel as

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Speaker 2: though we've seen much change at all, even since that

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Speaker 2: fuel excise came in.

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Speaker 3: Well no, look, at the time that the reduction, the

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Speaker 3: exercise came in unleaded petrolin down was about till I

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Speaker 3: was twenty five a leader, and diesel got up to

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Speaker 3: about two. I was forty year leter in Darwen. The

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Speaker 3: excised capped by twenty five. Then the international price, which

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Speaker 3: was the cause of the high prices originally, that has

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Speaker 3: dropped completely. So what's happened. You've had a nineteen cent

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Speaker 3: leader reduction at the pumping unleaded, but the wholesale price

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Speaker 3: has moved down thirty So those thieves have pocketed the

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Speaker 3: difference and they're doing the same thing on diesel.

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Speaker 1: I mean, honestly, it's unbelieved.

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Speaker 3: They need to be called out. They need to be

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Speaker 3: called out on it now.

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Speaker 2: Jeff, I want to point out to our listeners as well.

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Speaker 2: Is that My understanding is you know that you've worked

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Speaker 2: for some of these huge companies. You worked for Shell

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Speaker 2: for an incredibly long period of time, didn't you.

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Speaker 3: I did. I did. And but apart from that, we've

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Speaker 3: been tracking international prices, local wholesale prices, some prices right

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Speaker 3: around Australia so we know exactly what these characters are

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Speaker 3: up to, and the RT, the fixes in on diesel

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Speaker 3: nationally in Australia, and the fixes in on unleaded petrol

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Speaker 3: prices in Darwen and Hobart. Let me let me not

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Speaker 3: forget those poor people. The only capitalist cities where there's

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Speaker 3: been significant price reductions, adelaide Is would have to be

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Speaker 3: the leader. They got down to dollar seventy yep. But Bristane, Sydney,

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Speaker 3: Melbourne and Perth they go up and down like Yo

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Speaker 3: yo's with this fake fuel cycle thing. They run, you know,

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Speaker 3: the greatest bubble all times. But apart from that, at

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Speaker 3: least at the bottom of the cycle, they're down around

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Speaker 3: the dollars seventies low dollar eates. But you guys don't

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Speaker 3: see the benefit. You don't see any benefit up there

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Speaker 3: at all.

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Speaker 1: No, it's perplexing.

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Speaker 2: And you know, for me, like I understand I've been

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Speaker 2: told in the past, you know, by some of these retailers.

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Speaker 2: It's a situation in Darwin where the terminal gate price

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Speaker 2: might drop a couple of cents, but the reason that

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Speaker 2: there's no movement at the bowser is because they've got

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Speaker 2: to use the fuel that they've already got in storage.

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Speaker 1: I mean, is that the case?

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Speaker 3: Yeah, no, it's just a rubbish. I mean the international

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Speaker 3: price international price started dropping on the twenty third of June.

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Speaker 3: These characters seriously arguing that they've still got the same

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Speaker 3: fuel and the tanks that they had on the twenty

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Speaker 3: third of June.

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Speaker 1: I mean, give me a break, Oh, jeff mate, I

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Speaker 1: agree with you. I think your spot ony.

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Speaker 2: I do want to ask you the opposition here in

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Speaker 2: the Northern Territory, they're proposing the introduction of legislation which

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Speaker 2: is designed, they say, to drive down the cost of

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Speaker 2: fuel by requiring petrol stations to disclose their profit margins

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Speaker 2: on fuel. So that's what they're going to be basically, well,

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Speaker 2: they're going to be introducing it today in parliament.

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Speaker 1: You reckon something like this would work?

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Speaker 3: Well, you know, instead of just disclosing what they're making,

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Speaker 3: why not cap what they're making. I mean, put look,

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Speaker 3: the federal government had no qualms about intervening in the

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Speaker 3: petrol issory. In the electricity market, they put a market

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Speaker 3: cap of three one hundred dollars per mega what hour

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Speaker 3: to get through a situation that was facing in electricity.

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Speaker 3: I think they've also intervened in the gas market. What's

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Speaker 3: wrong with them intervening in the petrol market. What's different

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Speaker 3: about the petrol market to the electricity market or the

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Speaker 3: gas market when there's obvious signs of a cookup? How

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Speaker 3: was it that virtually every service station in when it's

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Speaker 3: two dollars and five point nine and these are this

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Speaker 3: two dollars thirty two point nine up too, Like it's

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Speaker 3: literally everyone if it was if it was a competitive market,

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Speaker 3: there would be competition.

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Speaker 2: Yeah, oh, Jeff, Yeah, I look, I know that all

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Speaker 2: of our listeners this morning are going to be listening

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Speaker 2: to you and thinking, Thank goodness, Katie, you've got someone

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Speaker 2: that's on that is speaking some sense after some of

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Speaker 2: the garbage that we've been told when it comes to

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Speaker 2: these petrol prices. So we you know, I think that

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Speaker 2: you're spot on. We've got a situation here where the

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Speaker 2: Chief Minister needs to intervene.

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Speaker 3: Hey, Katie, let me tell you talking about stock the

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Speaker 3: only stock profit that these oil companies interested in is

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Speaker 3: the amount of stock profit they can make in all

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Speaker 3: those tanks out at Boupak. Right, So those characters got

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Speaker 3: millions deleaders out there that they paid for, like at

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Speaker 3: a dollar sellios already whatever, and they're still trying to

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Speaker 3: flog it off at two ills ten and till I

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Speaker 3: was thirty or whatever the cooked up number is in

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Speaker 3: Darwin honestly Whattock profits.

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Speaker 2: Yeah, well, Jeff, I reckon that. You know, I know

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Speaker 2: that people want to see these prices come down. I

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Speaker 2: do want to ask you just very quickly. Over the weekend,

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Speaker 2: the federal government announced that they're going to be fast

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Speaker 2: tracking the timeline for Australia to phase out dirty petrol

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Speaker 2: to ensure that we meet these cleaner global standards. But

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Speaker 2: it's going to apparently come at a short term financial cost. Now,

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Speaker 2: the Climate Change and the Energy Minister Chris Bowen announce

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Speaker 2: the nation's fuel supplies will need to be replaced with

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Speaker 2: petrol which has lower sulphuric acid levels by twenty twenty

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Speaker 2: four rather than twenty twenty seven. He reckons it's only

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Speaker 2: going to see each household pay eight dollars extra over

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Speaker 2: three years.

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Speaker 1: Is this a good move?

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Speaker 3: Well, it's a good move to improve the quality standard

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Speaker 3: these book But let me tell you the federal government

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Speaker 3: again is paying this character's accompanies two hundred and fifty

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Speaker 3: million bucks to upgrade the refineries, So why would we

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Speaker 3: be paying anything extra when the federal government's paying for

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Speaker 3: the upgrade to the We've only got two refineries in

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Speaker 3: Australia operated by a Pole and Viva, and the previous

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Speaker 3: federal government has allocated two hundred and fifty million dollars

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Speaker 3: to upgrade the refineries to meet the standards. And yet

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Speaker 3: what the ac company is going to put the price up?

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Speaker 3: Are they even though they've had a two hundred and

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Speaker 3: fifty million dollar handout from the taxpayers of Australia. We

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Speaker 3: should be getting a discount on the fuel of an increase.

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Speaker 1: Well, Jeff, I tell you what, I appreciate your time

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Speaker 1: this morning.

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Speaker 2: You've given us some really great insight and I reckon

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Speaker 2: you are going to be getting a lot of support

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Speaker 2: from our listeners.

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Speaker 1: So thank you so very much for having a chat

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Speaker 1: with us today.

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Speaker 3: Please thank you so much.

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Speaker 2: That number if you do want to call through this

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Speaker 2: morning eight nine four one one O four nine and

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Speaker 2: if you did just join us at the end of that.

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Speaker 2: That was Jeff Trotter, the general manager of fuel Track.

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Speaker 2: Now we know that he's an industry expert. He's worked

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Speaker 2: with some of the world's major petrol companies. But he's

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Speaker 2: now the general manager obviously a fuel track and honestly,

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Speaker 2: some of what he was saying there, I was thinking,

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Speaker 2: thank goodness, somebody is actually saying what we've all been

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Speaker 2: wondering and what we've all been thinking for quite some time.

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Speaker 1: The tech sign is going off. There's a lot of you.

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Speaker 2: There is a lot of you that are in contact

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Speaker 2: with us on the tech Sign and keen to let

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Speaker 2: us know how things are tracking where you are or

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Speaker 2: where you may have traveled too recently and the petrol

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Speaker 2: prices that you've paid. But we're going to take a

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Speaker 2: really short break before I do read some of those out,

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Speaker 2: but we are going to be catching up with the

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Speaker 2: Cattleman's Association in around five minutes time as well,