MyFuel NT to give purchase power to Territory consumers

The Northern Territory Government has announced plans for a website to boost competition and transparency in the Territory fuel sector.

MyFuel NT will provide accurate real-time information about fuel prices at every service station in the Territory, enabling Territorians to find the cheapest fuel in their region.

The initiative will require fuel retailers to publish all fuel prices online via a simple online portal to the Commissioner of Consumer Affairs, providing consumers with a comparative snapshot of fuel prices across the Territory.

Territorians will have free access via website or mobile app to live price data from fuel retailers in the Territory so they can easily find the cheapest fuel, whether it be unleaded, diesel, or other fuel types.

The industry consultation will be open until the beginning of February, with a MyFuel NT consultation paper available at www.treasury.nt.gov.au and the new scheme expected to be in place in the second half of 2017.

NT Government announces new website to boost competition and transparency in the Territory fuel sector.