SBS News
·general
·2 hours ago
What can be done to stop price gouging during the fuel crisis?
The Australian Competition and Consumer Commission is investigating allegations of price gouging as fuel prices surge, especially in remote areas where surcharges exceed 70%. Senior economist Matt Grudnoff noted that while misleading claims about costs are illegal, raising prices in response to market conversations is permissible. Experts emphasize competition as key to addressing this issue.
Summary by Glance · SBS News
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