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AAP
AAP
Zac de Silva

No pain at the pump: petrol companies warned on gouging

Petrol Peter Khoury Oil Shane Oliver Middle East NRMA
Some retailers in Sydney, Melbourne and Brisbane are selling E10 petrol for well over $2 a litre. (Flavio Brancaleone/AAP PHOTOS)

Petrol stations have been told not to rip off Australian motorists, amid warnings the war in the Middle East could drive up global oil prices.

The consumer watchdog has been tasked with monitoring fuel prices, while the nation's biggest oil refining companies have promised not to hike prices unnecessarily.

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