Australia's consumer watchdog is watching fuel companies as prices surge past $2.50 a litre, driven by a Middle East war that has pushed global oil to nearly $US120 a barrel.

The Australian Competition and Consumer Commission is investigating price gouging concerns as fuel prices jump…Fuel prices are more than $2.50 a litre in some places, with price increases daily.

    • arbilp3@aussie.zoneOPEnglish
      2·
      14 hours ago

      You may be right but the article does mention consumer law:

      The ACCC also said it welcomed changes from the government to the maximum penalties for consumer law breaches by fuel companies from $50 million to $100 million and said it would seek the maximum penalties in any cases it pursued.

      The ACC webpage says it can take action “where businesses mislead consumers about pricing. This includes on the reasons for a price increase.”