Prime Minister Anthony Albanese says Australia continues to feel the effects of conflict in the Middle East, despite its geographic distance from the region.
Speaking on ABC News Breakfast, Albanese said the economic consequences of ongoing instability remain a concern for the federal government.
“We’re a long way away, but we’re impacted here each and every day,” he said.
His comments come as tensions in the Middle East continue to raise concerns about global energy markets and supply chains.
Fuel Excise Cut Under Review
Albanese said the government would continue assessing the fuel excise cut as developments in the conflict unfold.
The temporary reduction is currently scheduled to expire at the end of June.
While not committing to any extension, the prime minister indicated the government was monitoring the situation and would make an assessment based on ongoing circumstances.
Fuel Shipments Continue
Albanese said fuel shipments were continuing, crediting the work of the government.
The comments were made amid broader concerns about the potential economic impacts of instability in the Middle East, including pressure on fuel prices and supply networks.
The government has previously emphasised the importance of maintaining stability in energy supply while monitoring international developments.