00:00Today we're announcing the Commonwealth Government will halve the fuel excise on petrol and diesel
00:04for three months.
00:06The halving of the fuel excise will reduce the cost of fuel by 26.3 cents per litre.
00:12Importantly, in addition, States and Territories have agreed and are finalising a proposal
00:17to ensure they won't benefit from the elevated prices that are occurring because of the DST.
00:23This is a reason for why we did this through the National Cabinet process rather than just
00:32going out there and making announcements without that necessarily being thought through appropriately.
00:39So we're working through the mechanisms with States and Territories and we'll have more
00:44to say about that in a short period of time.
00:48We're making fuel cheaper today because we understand that Australians are under serious
00:54pressure.
00:55However, we really also want to encourage Australians who can to take public transport to help save
01:01fuel for the areas and industries that need it and I know a couple of the jurisdictions
01:06have taken action to reduce public transport fares as well.
01:11The less fuel we use in the cities, obviously the more we can direct to regional areas that
01:18are under pressure.
01:19leave us a little bit easier, and I'll give you a quick news of the cities.
01:19I don't see you on the other side.
01:20Go ahead.
01:20Go ahead.
01:20Good.
01:20Good.
01:20Go ahead.
01:22Go ahead.
01:22Go ahead.
01:24Good.
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