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Labor succeeds in establishing Senate petrol price inquiry.



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JOINT STATEMENT

THE HON KIM C BEAZLEY MP LEADER OF THE OPPOSITION and SENATOR KERRY O’BRIEN SHADOW MINISTER FOR TRANSPORT

22 June 2006

LABOR SUCCEEDS IN ESTABLISHING SENATE PETROL PRICE INQUIRY

Labor today forced the Government to agree to a Senate Inquiry into petrol price setting, which will give motorists in Middle Australia answers about the price pressures they experience at the bowser.

The inquiry will be conducted by the Senate Economics Committee, which will examine and report on the price of petrol in Australia with particular reference to: a. The relationship between the landed price of crude oil, refining costs, the wholesale price and the retail price of petrol;

b. Regional differences in the retail price of petrol; c. Variations in the retail price of petrol at particular times; d. The industry’s integrated structure; and e. Any other related matters.

Labor is pleased that Liberal and National Senators in this instance have rejected Prime Minister John Howard’s arrogant Senate power grab and responded to Labor’s motion for this petrol price inquiry.

Labor’s Senate petrol inquiry will provide answers for motorists in Middle Australia, who are feeling financial pressure from high petrol prices.

Under Labor’s petrol inquiry, witnesses appearing before the Senate will be required to provide truthful answers about petrol pricing. The Senate does have the capacity to compel witnesses to attend.

Petrol companies say they have nothing to hide about how they set petrol prices, so Labor looks forward to companies volunteering to appear at the committee to provide answers.

Labor has acted on behalf of the motorists of Middle Australia, because they are demanding answers on petrol prices. Mr Howard ignores these calls, but Labor is acting on the kitchen table issues that affect Middle Australia.

22 June 2006 Contacts: George Svigos (Beazley): 0417 196 836 David Tansey (O’Brien): 0407 435 624