CANBERRA, ACT, March 11 -- The Treasurer of Australia issued the following media release:
The Albanese Government is taking action to help consumers get a fair go at the petrol pump, with more scrutiny and surveillance of the fuel sector, bigger penalties for misconduct, and action to shore up fuel supply.
The conflict overseas shouldn't be an excuse to profit off Australians.
We're putting petrol companies on notice. We won't cop big corporates treating Australian consumers like mugs.
This is all about getting fairer petrol prices for Australian motorists and more fuel supply at servos, particularly in regional areas.
We will:
* Double penalties for false or misleading conduct and cartel behaviour (to a maximum of $100 million per of...