Nick Sherry (Tasmania, Australian Labor Party, Minister for Superannuation and Corporate Law) Share this | Hansard source

I can indicate the price at the bowser in my home city of Devonport because on Saturday I had to visit a petrol station to fill up. I was struck by the fact that the price was approximately $1.40 per unleaded litre. I do keep a very close eye on the petrol price in my local community for obvious reasons. This government is very well aware of the impact that petrol prices have on struggling Australian families.

I want to touch on some of the factors that have led to the generally higher petrol prices in recent times. While oil and petrol prices are largely determined by international factors, the Rudd government is committed to promoting competition and transparency in Australia’s petrol market. The WTI crude oil price eased on Friday, closing at 18c lower—