Scott Morrison believes Australians understand why petrol prices are going up but won't say whether there will be help in the budget at the end of the month through a cut in fuel excise.
Prime Minister Scott Morrison speaks to the media during a press conference in Windsor, Sydney, Saturday, 12 March, 2022.Scott Morrison believes Australians understand why petrol prices are going up but won't say whether there will be help in the budget at the end of the month through a cut in fuel excise.Some parts of the country are paying well over $2 per litre as a result of global oil prices spiking due to Russia's invasion of Ukraine.
Mr Morrison says Australia is working with other countries around the world in terms of releasing fuel reserves to try to alleviate the pressure on fuel prices.Like the prime minister, Assistant Treasurer Michael Sukkar declined to foreshadow anything that may or may not be in the budget on 29 March.
Mr Sukkar was quick to point out that it is the Reserve Bank of Australia that makes these decisions, not the government.