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Regional NSW missing out on Sydney's cheap petrol

Petrol prices in regional NSW are not matching the cheaper prices found in Sydney

Petrol prices in some Sydney areas have fallen to under $1 a litre but motorists outside capital cities are paying an average 131.4c.

With petrol in metro areas at a five-year-low, the federal government is concerned rural motorists are not benefiting from plunging global oil prices.

Small Business Minister Bruce Billson yesterday said the disparity had led to concern from rural and regional residents about the "mysteries" of fuel pricing.

"It seems curious to me many Australians in rural areas are not yet reaping the benefits of these low prices," he said.

Mr Billson said he wanted motorists to raise their concerns with the Australian Competition and Consumer Commission.

The ACCC will monitor the prices, costs and profits of the petroleum industry for three years.Reports will be produced quarterly rather than annually and the commission will be able to look at specific regions and perceived irregularities in the fuel market.

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