Wayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

I thank the member for his question because we do take cost of living pressures very seriously on this side of the House, unlike those opposite who did not take them seriously for 11 years, which is why we have a petrol commissioner in place in the ACCC. It feeds into inflation; there is no doubt about that. That is why we on this side of the House will take every possible action that we can take to put downward pressure on prices and make sure that markets are competitive.

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