Link: https://www.abc.net.au/news/2026-03-11/accc-monitoring-for-price-gouging-as-fuel-prices-soar/106436210?braze_id=691429299cfa7a005647f9dd

The Australian Competition and Consumer Commission is investigating price gouging concerns as fuel prices jump...Fuel prices are more than $2.50 a litre in some places, with price increases daily.

Monitors, but does fuck-all because there are no laws against price-gouging

You may be right but the article does mention consumer law:

The ACCC also said it welcomed changes from the government to the maximum penalties for consumer law breaches by fuel companies from $50 million to $100 million and said it would seek the maximum penalties in any cases it pursued.

The ACC webpage says it can take action "where businesses mislead consumers about pricing. This includes on the reasons for a price increase."