CANBERRA, ACT, March 12 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: petrol prices, ACCC penalties for fuel retailers
Natalie Barr:
Fuel retailers could be slapped with a massive $100million fine for cashing in on the Middle East conflict to price‑gouge consumers. Treasurer Jim Chalmers has told service stations not to rip off drivers, warning the competition regulator will be beefing up its monitoring of unusual price spikes. The announcement follows customers paying as much as $3.40 a litre for fuel in regional areas.
For more, we're joined by Treasurer Jim Chalmers live in Canberra. Good morning to you, Treasurer. Is price gouging happening in Australia right now?
Jim Chalmers:
Good morning, ...