00:02In Karratha at what's soon to become the world's largest fertiliser plant.
00:08The Prime Minister underscoring the key lesson from rolling global upheavals.
00:13We need to be more resilient.
00:16Investing four million dollars for a feasibility study into a new oil refinery in WA.
00:23To create that sovereign capability to ensure that we're all so resilient and independent.
00:28A prospect with bipartisan backing.
00:31But we need to see a serious plan.
00:33From eight refineries 25 years ago Australia now has just two.
00:38Both rely heavily on taxpayer support and run almost entirely on imported oil.
00:45Even if the refinery is built in WA it is still going to be reliant on largely imported oil.
00:52So that doesn't really do a lot for our sovereignty.
00:54As hostilities in the Strait of Hormuz reignite.
00:58Treasury is warning oil prices will continue to climb.
01:02The cut to the fuel excise in April and extension into July had put downward pressure on prices.
01:08Which have since surged to above pre-war levels.
01:12Unleaded is averaging $1.94 tonight with diesel at $2.37.
01:18Can't afford it.
01:19For the business it's really really bad.
01:21I drive an EV so.
01:23Government relief is due to run dry on Sunday.
01:27We made that announcement some time ago.
01:30While extending relief at the Bowser would be welcome for many.
01:34It'd also likely further fuel inflation.
01:37Still the government is well aware the longer war in the Middle East continues.
01:42The worse for households.
01:44While there wasn't more joy though they did a significant pedestrian electric potrzeb.
01:45Over here we will try to get mentioned a few days Efforts actually some time ago.
01:46Of course, let's look for an LAURA-Berry changelers.
