Thought there was nothing in petrol??
A PETROL war has broken out among rival supermarket chains, with a 40c a litre discount on offer for big grocery buys.
It was revealed this morning that supermarket giant Coles would offer the largest petrol discount of 40c a litre for shoppers who spend more than $300 on groceries.
Under the scheme, shoppers spending more than $100 get 10c a litre off, those spending more than $200 save 25c a litre, and customers spending more than $300 get a 40c a litre discount, the Herald Sun reports.
Victorian rival Safeway has since announced that it would match the discounts from 12pm (AEST) today.
Safeway spokesman Benedict Brook flagged further snap specials in the future as the arch rivals fought for customers.
"Price cuts of this magnitude are not sustainable for long periods of time, but with people under the pump with the economy the way it is more one offs are likely in the future,'" Mr Brook said.
But the schemes have already attracted criticism from Canberra and a major motoring group.
Independent Senator Nick Xenophon blasted the offers as proof of "obscene" power in the petrol market.
"If they can offer discounts at this level, surely this is proof that the big oil companies and the supermarket chains are overcharging massively when they arenít offering discounts," Senator Xenophon said.
"This is further proof that a handful of companies have Australian motorists over a barrel."
Queensland motoring body RACQ told the Courier-Mail that the discounts were only worthwhile if the family grocery spend was in the hundreds of dollars.
"Bear in mind that spending $300 on groceries to gain a 40 cents a litre fuel discount would save you $16 on a 40-litre top-up," RACQ spokesman Gary Fites said.
"If your normal grocery bill is less than $300, buying unnecessary items to reach that limit means you would almost certainly come off worse in the deal."
Mr Xenophon called for the Australian Competition and Consumer Association to investigate the price stunt.