00:01It's really important we go back to the buying habits that we had before the war started
00:06to take pressure off the supply chain.
00:08We're working with government, both levels of government, to do what we can to help ensure
00:14that supply continues, particularly into regional areas, particularly in those independent service
00:20stations in regional communities, because it is an absolute priority for the NRMA that
00:25the independents make it through this crisis.
00:27They are the cheapest in Australia.
00:29We cannot afford to lose them.
00:31So making sure supply gets to where we need is the first.
00:34And the second, of course, is just something we always do, is monitoring the prices themselves
00:38and making sure that Australians are being charged a fair price in the middle of this crisis.
00:43And so we've been looking at prices, obviously, right throughout this since the conflict began.
00:47And they're the two areas of focus that we've had.
00:50Now, the government's changes to diesel standards, temporary changes, do you welcome that?
00:55Yeah, we do.
00:55We welcome that.
00:56It basically just opens up the country to the opportunity to, A, get more diesel from
01:00parts of the world that we had previously kind of stopped importing them from because
01:06of that flashpoint standard.
01:08It's been reduced a little bit for a short period of time.
01:11It won't have any effect on our engines and our vehicles.
01:13So people can be confident that they can continue to use the fuel without any issue.
01:18And the second is it just helps with our refineries.
01:20It fast tracks the process by which we refine.
01:23It gives the government more flexibility with what they can do with the fuel.
01:27So, you know, these really practical measures are important to get us through this crisis.
01:31And this is just the latest of those.
01:33Now, you're putting the message out about E10 petrol.
01:36Tell us about the scepticism that there is about this type of petrol here in Australia.
01:41Yeah.
01:42Look, ethanol blended fuel is safe for most cars in Australia.
01:45It always has been.
01:46And unfortunately, if you go back to when the mandates were first introduced, particularly
01:50in New South Wales, there was a lot of campaigning against it, particularly from the oil companies.
01:55And I'd like to think that as we sit here today talking about fuel security and fuel supply,
02:00that they perhaps reflect on that period of their history, because unfortunately, some
02:05Australians still think that they can't use it.
02:07Most cars can.
02:08It's safe to use.
02:09It's used everywhere overseas, pretty much.
02:12It is also used at higher volumes than we use here.
02:15So some parts of the United States have E15.
02:18So 15% of fuel has ethanol and some even at E20.
02:22We know that Japan is moving to E20, for example, and we get lots of cars from Japan.
02:27So it is a safe fuel that we can use.
02:30The reason why the NRMA is talking about E10 in the middle of this crisis is that the
02:3510 represents 10% ethanol and the ethanol is all produced domestically here in Australia.
02:40It's not imported like we import our oil and our fuel.
02:44It's domestically produced.
02:45It's sustainable because they use food byproduct, not food.
02:49And so encouraging Australians to consider it as an option, if your car can use it, and
02:54most cars can, is a sensible approach right now because it is an undersold fuel and we
03:00know that there is scale.
03:01We can actually, the country has the capacity to use more and distribute more ethanol and
03:07more biodiesel.
03:08So absolutely, during this time of crisis, we should be looking at it.
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