Get all your news in one place.
100's of premium titles.
One app.
Start reading
ABC News
ABC News
National
political reporter Jake Evans

Coal and gas prices to be capped as national cabinet strikes deal

The nation's leaders have taken the extraordinary step of temporarily capping the prices of gas and coal as the war in Ukraine continues to shock global markets, after a meeting of national cabinet.

Prime Minister Anthony Albanese said parliament would be recalled next week to pass legislation that would help impose a temporary cap on gas at $12 a gigajoule, and states would move to cap coal at $125 per tonne.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.