The Northern Territory Government is establishing a Territory-wide mandatory retail fuel price reporting scheme called MyFuel NT. The scheme aims to empower consumers through increased transparency of fuel information and encourage greater competition in the Territory fuel market.
The Department of Treasury and Finance has now released theMyFuelNT Consultation Paper. The consultation paper provides an overview of the Territory Government’s proposal to implement MyFuel NT and seeks input from stakeholders. Stakeholder feedback will be used to help inform the development of MyFuel NT, including design of administrative and technological systems to minimise the compliance burden and maximise utility for consumers.
The scheme will give consumers free access (via website or mobile app) to live data from every fuel retailer in the Territory so they can easily search for the cheapest fuel, whether it be unleaded, diesel, or other fuel types.
Submissions by interested parties are open until 3 February 2017.
Please send responses to email@example.com or Director Economic Analysis, Economic Group, GPO Box 1974, DARWIN NT 0801.