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Panic buying subsides as fuel prices march higher
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7NEWS
Australia’s fuel security remains strong and secure despite an ongoing volatile war causing more pain for drivers at the bowser, the government says.
Energy Minister Chris Bowen, providing his first update on national supplies since the fuel excise ended, on Saturday ruled out any extension of the excise.
Credit: Joel Carrett / AAPThe ‘‘broadly consistent” figures were “providing Australians with the reassurance that fuel security in Australia remains solid, remains strong”, Bowen said.
“We made it clear this relief was vital, but temporary, to ensure Australians will get through the worst of the international fuel crisis when it comes to fuel prices,” he said.
Deputy Liberal leader Jane Hume supported the original cut to the fuel excise, adding that fuel prices were extremely volatile.