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AAP
AAP
Politics
Andrew Brown and Tess Ikonomou

'Significant spikes': servos to face huge gouging fines

Service stations face huge fines if found to be carrying out misleading conduct or cartel behaviour. (Lukas Coch/AAP PHOTOS)

Service stations deliberately price gouging customers due to the Middle East war will face harsher penalties, as the federal government acknowledges panic buying has led to shortages in regional areas.

Treasurer Jim Chalmers said penalties would be doubled to $100 million maximums for service stations found to carry out false or misleading conduct and cartel behaviour.

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