“If we were to step in and start to regulate retail

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"It may well be that the only way to get a territory wide reduction in the outrageous fuel prices is for a direct government intervention to set a maximum retail margin in this territory but before taking such dramatic action it is important that this Assembly committee undertake that work and that the ICRC provide that information to the government." Consumer affairs minister Shane Rattenbury said the legislative power had not been used since its introduction 26 years ago, and he did not believe any other Australian government had staged such an intervention. However, the government would not use the power lightly. "If we were to step in and start to regulate retail margins we'd have to have a really thorough understanding how the market operated, how those retail margins were determined in order to then make a determination on what they could or should be," Mr Rattenbury said.

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