Australia should hold weekly auctions of greenhouse gas emission permits to avoid imposing an “impossible” financial burden on petrol companies and undermining efforts to cut fuel prices at the bowser, the Rudd Government has been told.

Petrol companies are likely to be required to buy permits for the millions of tonnes of carbon emitted when motorists use their fuel, under the greenhouse gas emissions trading scheme the Government has vowed to have up and running by 2010.

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