Rafy
Retired
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- Sep 30, 2004
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- HSC
- 2005
- Uni Grad
- 2008
FuelWatch running on empty
THE Federal Government's planned FuelWatch system to regulate petrol prices appears dead in the water after a key balance-of-power senator decided to vote against the legislation.
The South Australian anti-gambling campaigner Senator Nick Xenophon revealed late yesterday he would not support the scheme because it would hurt small independent petrol retailers and could actually push up petrol prices.
The senator's stance will sink FuelWatch because the Government has to secure the votes of all minor parties to pass the legislation through the new Senate.
This is a big blow for the Government - already under attack over its handling of the economy and preparing for the return of Parliament for the crucial spring session in three weeks.
The Government won office by promising to exert downward pressure on the cost-of-living.
FuelWatch, which is not planned to come into operation until December, has been criticised since it was announced as a key element of the Government's response to rising prices.[...]