Prime Minister Anthony Albanese has moved to ease the cost-of-living burden, unveiling a package of fuel relief measures while warning Australians to brace for continued economic strain triggered by the war in the Middle East.
In a national address on Wednesday night, Albanese acknowledged the growing anxiety among households and businesses, saying the surge in global oil prices had translated into record fuel costs at home.
“By nature, we’re an optimistic country,” he said. “But I understand that right now it’s hard to be positive.”
The Prime Minister pointed to the conflict overseas as the key driver behind what he described as “the biggest spike in petrol and diesel prices in history”, stressing that while Australia is not directly involved, “all Australians are paying higher prices because of it.”
From farmers and truck drivers to small businesses and families, he said the impact was being felt across the economy. “I know that you’re seeing this at the servo and at the supermarket… and I understand people are doing it tough.”
Fuel excise cut and national plan
Central to the government’s response is a temporary cut to fuel tax, with the excise on petrol halved by 26 cents per litre for the next three months. The Heavy Vehicle Road User Charge has also been reduced to zero over the same period to support the freight sector.
“These savings have started showing up at your petrol station,” Albanese said, adding that the measures were designed to “bring the price of fuel down” and ease immediate pressure.
The Prime Minister also confirmed that National Cabinet had agreed to a National Fuel Security Plan, aimed at strengthening supply chains and preparing for potential disruptions.
“Leaders from both sides of politics… are working together to keep Australia moving,” he said. “Making sure that we are prepared if the global situation gets worse.”
Call for collective effort
Alongside government action, Albanese urged Australians to play their part in managing demand, particularly in the lead-up to Easter travel.
“It’s the Australian way that people want to do their bit,” he said. “If you’re hitting the road, don’t take more fuel than you need — just fill up like you normally would.”
He encouraged commuters to consider public transport where possible, noting that reducing fuel use would help preserve supplies for essential industries.
“That builds our reserves and saves fuel for people who have no choice but to drive — farmers, tradies, shift workers and nurses who keep the country running.”
‘Uncertain times’ ahead
While outlining the government’s response, Albanese was candid about the challenges ahead, warning that the economic fallout from the conflict would persist.
“The months ahead may not be easy,” he said. “No government can promise to eliminate the pressures that this war is causing.”
However, he struck a note of unity, emphasising resilience and collective responsibility.
“These are uncertain times. But I am absolutely certain of this: we will deal with these global challenges the Australian way — working together and looking after each other.”
The address comes as Australians grapple with rising living costs, with fuel prices adding fresh pressure to household budgets already stretched by inflation.
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