Brisbane news live: Premier to cap petrol price hikes; SEQ’s micro-business hotspot

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Premier Steven Miles says the Labor government plans to set up 12 state-owned petrol stations in its first 12 months of office to tackle rising petrol prices in Queensland.Speaking on ABC Radio, Miles said he wanted to tackle unpredictable petrol price hikes.“RACQ has this research which shows that Queensland, and Brisbane in particular, has the least competitive petrol market, he said.

“We are going to start with 12, and we are going to work with the RACQ and the independent operators to identify where we most need that additional competition,” he said.“We expect that will mean some in Brisbane, but also some in regional areas.”Former Labor treasurer Andrew Fraser and then-premier Anna Bligh tried a similar move unsuccessfully 15 years ago to lower petrol prices in Queensland.

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