Petrol prices in the city have dropped by more than 30 cents per litre since the beginning of the year, as a global surplus of oil and restrictions on travel saw prices at the pump drop across the country.
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Data from the ACCC tracing the changes in petrol price indicated Griffith saw an average drop of 33.6 cents per litre between January 5 and May 17 of this year - with the average price in the city dropping from 147 cents to 113.4 cents per litre.
However, prices have increased slightly in the months since the data was collected, with the average petrol station in Griffith selling unleaded at 114.9 cents per litre as of July 8.
Across seven service stations tallied by The Area News, unleaded prices remained constant throughout the city, while diesel prices fluctuated with the BP on Banna Avenue near Kookora Street sitting at the most expensive with 122.9 cents per litre, while the Mobil on Banna Avenue represented the best bang for your buck - with diesel costing 121.5 cents per litre.
However, the city's average petrol price still lags behind the average price in larger cities - with Wagga Wagga seeing a 40.4 cent decrease in the average price to 107.1 cents per litre in the same time period.
The data comes as United Petroleum prepare to bring a new service station to the city - after a development application for a new station along Kidman Way was approved by Griffith City Council.
United drew eyes in Wagga Wagga for launching stations with significantly cheaper fuel than nearby competitors as part of a desire to "challenge market leaders and drive prices right down".
United were contacted by The Area News for comment on their preparations for the Griffith market.
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ACCC chairman Rod Sims said a lack of vigorous competition in regional areas has led to prices staying higher than in major capitals.
"We understand that consumers in regional areas are rightly upset at paying more than their metro counterparts," Mr Sims said.
"Where there is competition, you tend to see lower prices.
"Giving your business to service stations with cheaper prices sends a strong message to those charging more that they will lose your business."
The ACCC highlighted one of the reasons for a slower rate of decreasing prices was due to retailers taking longer to sell existing volumes of petrol which was purchased at a higher price due to travel restrictions imposed by the coronavirus pandemic.
