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Anthony Albanese says Australia could support a mission to secure the Strait of Hormuz once the war ends. But even if the passage is opened permanently the Prime Minister is warning we could be paying higher fuel prices for some time yet.

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00:02A glimmer of hope for Australia's cash-strapped drivers.
00:06The price of unleaded petrol in parts of the country now dropping below $2 a litre.
00:13I travel a lot for work so it's really good in terms of saving a little bit of money.
00:18Probably about 40 odd cents cheaper since last time, which is a very welcome surprise.
00:23The Energy Minister today announcing Australia's petrol reserve is now higher than when the Iran war broke out.
00:31We now have 10 days more petrol than we had when this international crisis began.
00:36And a welcome decline in the number of service stations battling shortages.
00:4198.5% of service stations are well stocked with diesel and a higher proportion for petrol.
00:47The ABC fuel tracker, which examines thousands of petrol stations across Australia, shows the average cost of petrol is now
00:55$2.07 a litre and diesel is now $3 a litre.
01:00But the Prime Minister is warning cost of living pressures will continue.
01:05Even if the Strait of Hormuz remains open, he says the oil price will remain high for some time.
01:12You're talking 90 days before the expectation at least.
01:17Following last night's virtual meeting of nearly 50 world leaders, the Prime Minister revealed there'll be a second meeting in
01:25London next week to continue discussions around joint action to protect the Strait of Hormuz.
01:32Leaving the door open to committing military assets to safeguard the shipping channel.
01:36For example, we already have the E7 there that's providing a role.
01:42Australia should do whatever is reasonable and has requested of us to help out with that.
01:50The government also announced it will maintain relaxed fuel standards until September and has secured enough supply until the start
01:58of June.
01:58Or do you still go to this side of the argument, or?
01:59Where will you keep doing tourai single炉 wandering?
01:59I think it's supposed to be good for ĐČсю air.
01:59Have a good error when Bug on Saturday.
02:00They share things for the next week.
02:00The Juno inbox of us at all three weeks to get méthod as well.
02:00And theshot ë¶„ë“€, I really wish you, what are normal to make our first two weeks,
02:00But the way we will usually do that for vast cons,
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