Australia To Track Gas Prices To Protect Competition

Law360, New York (December 18, 2007, 12:00 AM EST) -- The Australian government reportedly tapped the country's competition watchdog on Tuesday to track the prices of unleaded gasoline in response to a study that uncovered obstacles to competition in the national refining industry.

In addition to beginning the search for a new petrol commissioner, the government has charged the Australian Competition and Consumer Commission with monitoring the prices of fuel and reporting back every year, Dow Jones News reported on Tuesday.

The changes represent the government's initial response to the ACCC's comprehensive look at the unleaded...
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