Fed: Treasurer warns businesses not to up prices

AAP General News (Australia)
04-21-2006
Fed: Treasurer warns businesses not to up prices

PETER COSTELLO's warned businesses against passing on to consumers the extra costs
of record high fuel prices .. saying it could push up inflation.

The cost of unleaded petrol has surged to almost a dollar 40 a litre this week .. on
the back of rising world oil prices .. and is tipped to rise even further next week.

The treasurer says he knows rising prices are causing pain to Australian families.

But Mr COSTELLO says things will be made worse if businesses start hiking their prices
for various goods and services .. because this could cause inflation to take off.

AAP RTV bt/tam/rt/tm

KEYWORD: PETROL COSTELLO (SYDNEY)

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