Anthony Albanese says the government will look at every available option to keep a lid on rising gas prices, but a failure of energy policy and global pressures are making the task harder.
Mr Albanese says Labor argued for a domestic gas reserve which was ignored by the former government.
"The consequential, significant hike in global prices are beyond people's control but what was in the government's control is actually having an energy policy," the prime minister told the ABC on Friday.