00:02More petrol punishment at the Bowser.
00:04Can I ask what you paid for petrol today?
00:07$124 for petrol.
00:08What do you make of that?
00:10It's ridiculous.
00:11Some are looking to ditch the car when they can.
00:14Driving less, make better choices, riding the bike, walking places.
00:18For others, it's a rising price that needs to be paid.
00:21Necessary eve will have to. So, yeah, it's got to get done.
00:25A few months ago, unleaded prices dipped as low as $1.57.
00:30In August, the fuel excise cut came off,
00:33and prices have since climbed to $2.38 a litre.
00:37Diesel is higher still, at $2.88.
00:41The federal opposition says prices like this
00:43should be an automatic catalyst for tax relief,
00:47tying cuts to the fuel excise to the global price of oil.
00:50So when we see two weeks where the price is averaged over $100 a barrel,
00:54which means we're getting up towards $3 a litre at the Bowser,
00:58there will be relief for Australians under a coalition government.
01:02And arguing it can be paid for through cheaper legal cigarettes.
01:06The cut to tobacco excise will raise $8 billion.
01:10He's come up with an uncapped and unfunded proposal.
01:15He can't tell us how much it costs or how he'll pay for it.
01:19The widening Iran war is pushing up oil prices.
01:22I think we're still on an escalatory trajectory for the conflict,
01:26and therefore we're still going to be facing tighter
01:29and on average higher prices over the next few months.
01:32And some are unconvinced a fuel excise cut is the best option.
01:36It does nothing to actually address the root causes of the issues.
01:39It does have impacts for inflation, for equity and for the budget.
01:43Jim Chalmers was quick to criticise Angus Taylor's fuel plan,
01:47but stopped short of ruling out another excise cut.
01:51Inflation is still very much on the minds of Australians.
01:54And these signs are a regular reminder.
01:57And, uh...
01:57...
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