A terrible idea? QLD Labor’s government-owned petrol stations

13 August 2024, 11:41 am

Fleet Auto News
A terrible idea? QLD Labor’s government-owned petrol stations
Image: CarExpert
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A terrible idea? QLD Labor’s government-owned petrol stations
Image: CarExpert

AutoExec Summary
Queensland Labor Premier Steven Miles is facing potential loss of power and desperation as the election approaches. He plans to use $36 million of taxpayer funds to open state-owned petrol stations in an attempt to reduce fuel prices and promote competition. However, previous government spending on projects like a $230 million COVID facility in Toowoomba has raised concerns about their ability to manage such ventures. The proposed measures, including limiting price changes and controlling pricing, may actually hinder competition and keep prices high. Critics argue that government intervention in a private market is unlikely to succeed and that the focus should be on reducing excessive taxes rather than unnecessary projects.

Brands mentioned: RACQ

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