Latest / 360 with Katie Woolf / Katie spoke with AANT CEO Anthony Hill about the call for fuel retailers to reduce fuel prices in line with the lower fuel gate price

Transcript

Katie spoke with AANT CEO Anthony Hill about the call for fuel retailers to reduce fuel prices in line with the lower fuel gate price · 360 with Katie Woolf

• 0:00
  Speaker 1: But right now we know that the AAENTT is concerned
• 0:03
  Speaker 1: they're a decrease the fuel terminal gate price isn't being
• 0:07
  Speaker 1: passed on to consumers at the retail pump. So while
• 0:11
  Speaker 1: unletted and detail retail prices have stayed the same, indow
• 0:15
  Speaker 1: and that gap between those prices and the fuel's purchase
• 0:18
  Speaker 1: price has widened. Now we obviously fairly often take a
• 0:22
  Speaker 1: look at those terminal gate prices and indeed the price
• 0:26
  Speaker 1: at the bowser and it is something that I've been
• 0:28
  Speaker 1: keeping an eye on. Now joining us on the line
• 0:30
  Speaker 1: to talk more about it is the AANT CEO, Anthony Hill,
• 0:34
  Speaker 1: Good morning to you.
• 0:36
  Speaker 2: Good morning Katie Anthony.
• 0:38
  Speaker 1: What kind of gaps are we talking about here in
• 0:40
  Speaker 1: terms of what consumers are paying at the pump compared
• 0:43
  Speaker 1: to that terminal gate price.
• 0:46
  Speaker 2: Yes, well we've seen traditionally, I'll say over the last
• 0:49
  Speaker 2: couple of years it's averaged around about seven to eight
• 0:53
  Speaker 2: per cent, it's the margin. And throughout November we saw
• 0:58
  Speaker 2: that peak up to who are nearly twenty four twenty
• 1:04
  Speaker 2: four cents there and that was at the beginning of December.
• 1:08
  Speaker 2: Has come down slightly to eighteen point five, but certainly
• 1:12
  Speaker 2: nowhere knew where it traditionally has been for the last
• 1:15
  Speaker 2: couple of years.
• 1:16
  Speaker 1: And so why is that? I mean, have we got
• 1:18
  Speaker 1: a situation here where retailers are just thinking that they're
• 1:21
  Speaker 1: going to get away with that?
• 1:24
  Speaker 2: Well, I can tell you in Catherine, Catherine was that
• 1:28
  Speaker 2: period was about a dollar ninety eight for unleaved and
• 1:33
  Speaker 2: therefore stropped by fifteen since at the beginning of December
• 1:37
  Speaker 2: in Katherine, but we have seen no movement here in
• 1:39
  Speaker 2: Darwin has been around that one sixty nine point five
• 1:42
  Speaker 2: one sixty nine point nine consistently really since late October.
• 1:48
  Speaker 1: How are they able to get away with it? Anthony?
• 1:50
  Speaker 1: You know, you and I I know I've spoken about
• 1:53
  Speaker 1: this before where previously we've seen them sort of being
• 1:56
  Speaker 1: quite fair. I think you'd have to say, but at
• 1:58
  Speaker 1: the moment, you know, like you said that average around
• 2:01
  Speaker 1: eight cents, I think you said, and now it's at
• 2:03
  Speaker 1: about eighteen point five, Like, how are they able to
• 2:06
  Speaker 1: get away with it?
• 2:08
  Speaker 2: Well, I think there's by now we should have seen
• 2:10
  Speaker 2: fuel that was purchased, you know, when the term will
• 2:12
  Speaker 2: Gay price did go up a bit flow through, So
• 2:16
  Speaker 2: that's probably a question you need to ask them. Yeahdie
• 2:19
  Speaker 2: I think there's why there isn't any movement, but you know,
• 2:23
  Speaker 2: monitoring it, it's just been flatlined since late October, as
• 2:26
  Speaker 2: I've said, and it's probably you know, we would have
• 2:28
  Speaker 2: expected by now that we would have seen some relief
• 2:30
  Speaker 2: at the pump.
• 2:31
  Speaker 1: And I know that you are calling for a reduction
• 2:34
  Speaker 1: in that gap. Ultimately it would mean a reduction in
• 2:37
  Speaker 1: fuel costs. Is this going to make any difference in
• 2:40
  Speaker 1: what the retailers choose to do coming into Christmas? Do
• 2:43
  Speaker 1: you think that they're going to listen?
• 2:45
  Speaker 2: Oh, look, I think given the time of year, it's
• 2:50
  Speaker 2: I don't think so. I don't think so. I don't
• 2:52
  Speaker 2: think we're going to be seeing relief until early in
• 2:54
  Speaker 2: the new year of court to this peak period for
• 2:56
  Speaker 2: people driving. And at the moment there's the margin, Yeah,
• 3:02
  Speaker 2: it's a lot higher than where it should be. So
• 3:04
  Speaker 2: it's from from our point of view, particularly with the
• 3:08
  Speaker 2: terminal gate price. You know, we saw the terminal gate
• 3:10
  Speaker 2: price come down from like a dollar sixty one down
• 3:14
  Speaker 2: more recently to a dollar forty five, so that really
• 3:18
  Speaker 2: should have flowed through.
• 3:19
  Speaker 1: I know that you said that, you know, they probably
• 3:22
  Speaker 1: won't change what they're doing, but what should they be
• 3:25
  Speaker 1: doing here, should they actually be taking it back down
• 3:28
  Speaker 1: to that average of eight sense?
• 3:31
  Speaker 2: Well, I think so. Again, if you look for the
• 3:33
  Speaker 2: last two years, that that's where it's at. So they've
• 3:35
  Speaker 2: been able to operate at that level for the last
• 3:38
  Speaker 2: two years, and this spike is yes, you know, we
• 3:42
  Speaker 2: did see a terminal gate prists go up slightly in
• 3:45
  Speaker 2: kind of mid October, but it has come back down,
• 3:48
  Speaker 2: so there's there's really no excuse for it. So we
• 3:52
  Speaker 2: are calling for it to be to be fair and
• 3:54
  Speaker 2: reasonable at a time when our motors are most likely
• 3:57
  Speaker 2: going to be on the road.
• 3:59
  Speaker 1: Yeah, I agree with you. I think that you know,
• 4:01
  Speaker 1: we all understand that they are businesses and that businesses
• 4:04
  Speaker 1: need to make money, but you know, be fair, like,
• 4:07
  Speaker 1: be fair with the consumers and be fair with those
• 4:09
  Speaker 1: territories that are loyal to them.
• 4:12
  Speaker 2: Absolutely absolutely, Well the case they've seen it, we've seen
• 4:15
  Speaker 2: it dropping Catherine and by nearly fifteen cents so in
• 4:20
  Speaker 2: the last couple of weeks. So there's no reason why
• 4:22
  Speaker 2: it shouldn't be happening in Darwent either. Hey, Anthony, I.
• 4:25
  Speaker 1: Know there's been lots of discussions sort of nationally as well.
• 4:27
  Speaker 1: At the moment about this ad blue shortage. Is that
• 4:31
  Speaker 1: having much of an impact for us in the territory
• 4:33
  Speaker 1: right now?
• 4:35
  Speaker 2: Yeah, it's more than I've seen the trucking sector, So
• 4:39
  Speaker 2: you know, I have heard a lot about it, but
• 4:41
  Speaker 2: I'm probably not one to comment on it at this stage.
• 4:43
  Speaker 2: I yeah, that's sure of the effect it, that's all right.
• 4:49
  Speaker 1: I thought i'll ask while I've had you on the line,
• 4:51
  Speaker 1: But yeah, I don't know a huge amount about it either.
• 4:54
  Speaker 1: I know it's something that I've seen quite a bit
• 4:55
  Speaker 1: of reporting on, so I will make sure that we
• 4:57
  Speaker 1: try and have a bit further discussion about it point
• 5:00
  Speaker 1: throughout the coming weeks. I know that we've done a
• 5:03
  Speaker 1: bit of work online as well. Our news director Crystal
• 5:08
  Speaker 1: has done a quite an extensive sort of report about
• 5:10
  Speaker 1: it online, so we'll take a bit of a closer
• 5:12
  Speaker 1: look from that perspective. But I really appreciate your time
• 5:16
  Speaker 1: this morning. Thank you very much for having a chat
• 5:18
  Speaker 1: to us about these petrol prices, and I'll try my
• 5:21
  Speaker 1: best to keep the pressure on. I'm going to go
• 5:23
  Speaker 1: through those diesel and unleaded prices very shortly and see
• 5:26
  Speaker 1: what we might be able to do.
• 5:29
  Speaker 2: Thanks you support Chatie, Thank you and the road.
• 5:32
  Speaker 1: This Christmas absolutely thank you. Have a good Christmas, Anthony,