00:01We've had about a 30% surge in the wholesale price for petrol and diesel at the trading
00:07hub of Singapore and that's fed through to retail prices in Australia.
00:12It is all related obviously to the crisis in the Middle East but also there's other
00:16factors at work including Russia's export ban on diesel, obviously there's discussions
00:22in the United States about a similar export ban.
00:24It's a very, very tight market and while Australians shouldn't be concerned about Australia losing
00:31supply it's obviously having an impact on the prices of the Bowsers here.
00:35We've got very substantial reserves held by the industry, about a month's worth of diesel
00:40and a good deal more petrol.
00:42Throughout this crisis we have not lost supply.
00:46All our contracted volumes have been delivered.
00:48We've had to do some fancy footwork to keep the fuel flowing.
00:51We take fuel from about 20 countries and we've been changing that mix as needs be to ensure
00:58that the supply is not interrupted.
00:59We change the fuel from the use of the dollar value to keep the fuel flowing.
00:59We change the fuel from the use of the user and the use of the Federal Average to the
01:02We change the fuel from the software to the Bitcoin file.
01:03We change the fuel from the利用 for the company we expect when we change the fuel from the
