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Why is diesel so expensive? Retailers charge 20c per liter more than they should, fuel watchers say

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Australians pay about 20 cents per liter more for diesel than they should, consumer advocates say. And they said there seemed to be no good reason for that. Federal Treasurer Jim Chalmers said Australians were “really dirty” about higher fuel prices. While prices have declined, experts say diesel prices have not fallen enough. But retailers say there is always a lag between the drop in oil prices seen at the pump. Even if you don’t own a diesel vehicle, you may be affected by the price of diesel. That’s because it’s the fuel of choice for industry — transportation, agriculture, shipping, and mining — which means there are after-effects for the economy. Why is diesel so much more expensive than gasoline? Oil prices soared earlier this year after Russia was sanctioned for its invasion of Ukraine. Diesel prices rose more than gasoline due to various factors including higher demand due to the COVID-19 economic recovery and less supply from Russia. Russia is on...

Low feed-in diesel rates frustrate SA households

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South Australian households have complained of declining returns on solar energy they contribute to the grid, with electricity regulators saying it has “no value” in the market. Key points: Some energy companies offer less than 4c/kW for energy fed back to the grid SA minimum feed-in rate ends in 2017 Some consumers are investigating options for investing in solar battery systems to save money The incentive to switch to renewable energy started in SA in 2008. The first household to install a solar panel is priced at a feed-in rate of 44 cents per kilowatt, which significantly reduces the quarterly bill. As time went on, more and more households installed solar panels and feed-in rates continued to decline. Most energy providers in the state offer rates between 5 and 10 cents. But some companies offer less than 4 cents, which causes frustration for customers. What keeps the rates low? The state’s Essential Services Commission (ESCOSA) had previously set minimum feed-i...