00:02The clock's ticking on fuel relief, and it's prompting mixed emotions at the pump.
00:07It's been tremendous, but moving forward we need a solution to the problem.
00:12I didn't even know there was a discount to be honest.
00:14From midnight Sunday, it's curtains for the fuel excise cut,
00:18which knocked around 16 cents off each litre of petrol and diesel in July,
00:23and goodbye to the discounted heavy vehicle road user charge.
00:27Prices are expected to start creeping up from Monday.
00:30I would imagine, obviously, it will take some time for the market to respond.
00:34But it shouldn't be a huge shock for people immediately,
00:36because it will take time for the service stations to sell the fuel that they've currently got.
00:40Motorists urged not to panic buy or stockpile.
00:44When we see massive increases in demand, all of a sudden,
00:47that's what puts huge pressure on the supply chain.
00:50What we found earlier in the year was some of that panic buy meant that we didn't have fuel
00:54and we needed to harvest the crops or plant the crops to put the food in the supermarkets.
00:58As the war in Iran continues to put pressure on global oil markets,
01:03Chris Bowens assured Australia's supplies are up on last week,
01:07with 43 days' worth of petrol, 39 days of diesel and 34 days of jet fuel on hand.
01:133.1 billion litres of fuel is due to be delivered over the next four weeks.
01:18Today, there is more fuel in Australia than there was the day before the bombing of Iran started.
01:25The government has committed billions of dollars to boost Australia's fuel security,
01:30including a scheme that uses taxpayer money to support additional supply of fuel and fertiliser.
01:36While Chris Bowens says he has great confidence it's working,
01:40the opposition is pushing for further scrutiny.
01:42It's important to ensure that trust is maintained in our government
01:47when we're making decisions of this nature and an independent inquiry would help do that.
01:51Fuel front of mind for many as foreign factors continue to cast doubt on the road ahead at home.
01:57So let's say we are now at the end of this conversation.
01:58And that is something that we are doing for the most part of this conversation.
01:58To be continued...
01:59...you take a look at the amo, like this little bit of company...
01:59...when we do nothing, I know.
