Assistant Defence Minister Matt Thistlethwaite says the gasoline business has “been on notice” for months concerning the Albanese authorities’s worth caps.
He mentioned there have been ongoing negotiations because the Labor Party got here into authorities about “ensuring a reasonable price” for gasoline.
“They had ample warning and the government’s been forced to act because we know these price increases, which are in the vicinity of 35 per cent for electricity prices, are coming next quarter,” he instructed Sky News Australia.
“So we have to act, we have to do something and we have chosen to go down this route because we believe it is the most efficient and effective way to continue to ensure they produce gas for the domestic market but some of the heat is taken out of the price for small businesses and households.”
