Something is horribly wrong when the consumer price of gas is quoted to the third decimal.
Instead of having a parliamentary inquiry into gas prices, the government should legislate changes to stop this insanity:
• Retail price should not change for a minimum of five days – as opposed to five times a day;
• Profit over 20 per cent should be taxed at 40 per cent or more, to stop gouging the consumer not to punish profitability; and
• Federal tax should be a fixed amount per litre, not a per cent amount of the retail price.
Aldo Babini, White Rock