Fuel retailers put on notice as watchdog promises to come down hard on those doing the wrong thing
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The competition watchdog has received more than 500 reports of possible price-gouging at petrol stations since the breakout of war in Iran, with retailers on notice over cost increases for motorists within hours of the first US and Israeli-led strikes.
Gina Cass-Gottlieb, the chair of the Australian Competition and Consumer Commission (ACCC), told Guardian Australia she was receiving further information about fuel price increases moving faster than petrol price cycles in the first days of the war, promising to come down hard against retailers found to be doing the wrong thing.
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