Penny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) Share this | Hansard source

First, I again say that this is a global energy shock, and it is having, and could have, effects throughout the Australian economy. We understand that, which is why we have taken action, including introducing legislation around false and misleading conduct of petrol companies, convening National Cabinet—and the Prime Minister has indicated he will call another National Cabinet for Monday—appointing the Fuel Supply Taskforce Coordinator, beginning the release of 20 per cent of our fuel reserves, changing petrol standards to get more fuel flowing, changing diesel standards so our refineries can buy more fuel, tasking the ACCC with fuel price monitoring, engaging with international partners to keep supply flowing and more. As I said, we will look at every practical measure required to shield Australians from the worst of this global uncertainty.