Carrots, sticks and a gas profits tax

Prime Minister Anthony Albanese says the fuel excise cut will "make a difference", but the Treasurer is warning the cut could take weeks to flow through.

Opposition leader Angus Taylor has welcomed the move, claiming the government has "finally" acted under pressure and the Coalition will "continue to lead". 

And speaking of leadership, it seems Angus Taylor has tried to assert some authority over his main leadership rival Andrew Hastie, but is the Opposition leader being "outplayed"?

As Raf tells PK,we're in a new political paradigm, the political battleground isn't left versus right anymore, but is bottom versus top — "If you're in the top bottom fight on behalf of the voter, you're at least in the conversation. If you're still fighting the left right thing, I think our politicians fear that they're being left behind".

And Labor has backed a Greens motion for a parliamentary inquiry to examine the tax settings for Australia's oil and gas resources, it comes amid a groundswell of support for a gas profits tax from One Nation through to the Greens. So, will we see a gas tax in the upcoming budget?

Patricia Karvelas and Raf Epstein break it all down on Politics Now.

Got a burning question?

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Listen to Raf's IV with the PM here: https://www.abc.net.au/listen/programs/melbourne-mornings/-good-pm-s-one-word-response-to-dezi-freeman-s-death/106515564Listen to ABC Business Daily here: https://www.abc.net.au/listen/programs/abc-business-daily/who-pays-for-petrol/106512650