Australian gasoline: EnergyQuest hits back at Madeleine | Australian Markets
A prime vitality consultancy has squared off towards Resources Minister Madeleine King over claims that Australians are paying greater gasoline costs than different developed nations.
EnergyQuest chief govt Rick Wilkinson mentioned the nation “still has some of the lowest gas prices in the developed world”, following the firm’s quarterly evaluation of the industry.
That comes amid ongoing debate about higher-than-usual costs on the east coast and warnings of shortages in Victoria and New South Wales.
The Coalition added fuel to the fire with an election pledge to drive more provide into the market via a reservation scheme.
Resources Minister Madeleine King final month slammed the industry for charging native clients an excessive amount of for gasoline.
“It is as clear as day to everyone who cares to listen that Australians are tired of seeing our vast gas resources exported overseas while simultaneously paying some of the highest gas prices in the developed world here at home,” she advised the Australian Energy Producers convention in Brisbane.
“Australians recognise this to be unfair.”
But EnergyQuest declared “the minister’s statement about Australian gas prices was wrong”.
“The International Gas Union ranks wholesale gas prices by country, and Australia ranks well below most (developed) countries — only North American countries of Canada, USA and Mexico; (and) Israel and Colombia were lower.”
Sale costs on the east coast ranged from $6.34 per gigajoule to $14/GJ — which the report acknowledged had been greater than historic ranges.
But key trading companions Japan and South Korea had been paying north of $16/GJ. EnergyQuest calculated. European consumers had been additionally paying more.
Western Australian costs had been even decrease than the east coast, the report mentioned.
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