Labor ramps up pressure on gas industry as energy prices rise but stops short of price caps

Unions accuse resource minister Madeline King of signing dud deal' with multinational gas companies

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Labor is ratcheting up pressure on the gas industry as it contemplates a workable policy mechanism to lower prices.

The energy minister, Chris Bowen, on Tuesday night ruled out intervening in the market with price caps after the treasurer, Jim Chalmers, confirmed the government was revisiting the problem of gas prices given soaring energy costs are driving domestic inflation and punching a hole in household budgets.

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