Labor's so-called crackdown on petrol corporations will do nothing to rein in petrol prices, and won't stop corporations using the cover of war to price gouge, the Greens say.
"Labor's proposal won't stop petrol companies price gouging," Greens Economic Justice Spokesperson Senator Nick McKim said.
"It will only increase penalties for lying about why prices are rising, while doing nothing to actually stop prices rising."
"Australians are being slugged at the bowser, and the Government's response is simply fiddling at the margins."
"Corporations are using the war as cover for price rises across the economy, so the government's response needs to be economy wide."
"The Greens pressured Labor into cracking down on supermarket price gouging, but Labor is now sitting back and allowing price gouging without consequence."
"If price gouging laws are good enough for supermarkets, they should apply across the entire economy."
"Labor's piecemeal response means that Australians will pay higher prices than they should right across the economy."
"The coming inflation spike won't stop at petrol. We already know that fertiliser costs are going up, which will flow through to farmers and food prices."
"We need economy-wide anti price gouging laws so corporations can't use the war as cover to boost profits. The Greens have already drafted a Bill that would do this."
