Fuel retailers across West Gippsland have been commended for compliance with new mandatory fuel price reporting laws, expected to deliver motorists savings at the pump.
New laws require Victorian fuel retailers to report their prices through the Service Victoria platform.
And, a new Service Victoria app - Servo Saver - is helping motorists to find the best deal at the petrol pump.
Premier Jacinta Allan and Minister for Consumer Affairs Nick Staikos launched Servo Saver last week and declared it could save motorists up to $333 a year at the pump.
The new app also helps deliver the first phase of the government's Fair Fuel Plan by requiring fuel retailers to report their fuel prices in real time, with new legislation set to cap on the daily price.
More than 1200 retailers across Victoria are now compliant with the new mandatory reporting system and are meeting requirements to report their fuel prices.
The price data is fed directly into Servo Saver, allowing motorists to see where they will get the best deal in their area or along their route and make informed decisions about when and where to fill up.
The Servo Saver and mandatory reporting will support the next phase of the Fair Fuel Plan – to cap the fuel price once a day and lock that ceiling in place for 24 hours, or when the price is reduced.
Under the plan, the price at an outlet can't rise at any time throughout that day, but there is not intended to be any limit to a company reducing its fuel price. This plan is already well underway.
The premier said the government was capping and locking fuel price rises and helping motorists save money at the servo.
"We know this won't change everything for families who are doing it tough, but these savings can add up to hundreds of dollars a year."
Mr Staikos said Servo Saver was designed to enable motorists to make informed decisions about where to fill up, while giving retailers greater control over how they advertised their petrol prices.