A warning shot was fired across the bows of the petrol companies supplying Cayman in Finance Committee on Thursday.
Sister Islands MLA Mr. Moses Kirkconnell told the committee he had heard that price of petrol was again being increased and wondered if a task force could sit down and talk with the companies.
Leader of Government Business Mr. Kurt Tibbetts said he was not satisfied that the prices could not be better and told the committee that a fact finding mission was under way.
Cabinet would be getting a report shortly and after that there would be meetings with the two petrol suppliers, he told the committee.
All avenues would be exhausted to get the best possible price, said Mr. Tibbetts.
Bodden Town MLA Mr. Osboune Bodden said what was happening upset the dealers and the public and a way forward with the companies had to be found
The companies had a civic duty to the islands and were putting up prices, said Mr. Bodden.
He said the dealers would love to take some action but were handicapped by being on franchise agreements or through petrol stations being owned by the suppliers.
Mr. Tibbetts said the companies would be spoken to earlier rather than later so that if they were not pliable enough to be reasonable, others would have time to be able to come in to compete.