Government Vows To release More Fuel From Reserves If Needed

0:00Hello, welcome to the Update, commercial students. Well, the Energy Minister has lashed out at people stockpiling and reselling fuel as unAustralian. The government is preparing to tap into Australia's fuel stockpile, releasing 762 million litres of petrol and diesel, as regional areas run dry. Bucharest Bowen has slammed those cashing in on panic around a potential fuel shortage. I ask Australians buyers, much fuel as you need, no more, no less. There are other people, I've seen it on Facebook Marketplace, filling up Jerry Cairns, Bunnings running out of Jerry Cairns, going on Facebook Marketplace, selling fuel at inflated prices, that is, unAustralian. While Liberal leader Angus Taylor says measures like this should have happened sooner. This minister has been asleep at the wheel. I've been hearing from my constituents and others around Australia about their inability to get fuel supplies, farmers, truckers and others, and Chris Bowen simply wasn't listening.

1:04Meantime, China, which is Australia's largest supplier of aviation fuel, is halting oil exports for this month, as it waits out the war in the Middle East. The move could put further pressure on airfares with an increase in concern about future shortages. It's not expected to impact us, though, for a few weeks yet. The GST pot has been carved up with WA, the big winner, its share rising from 8.3% to 9.1, which equates to just over $9 billion. East South Wales is worse off, though, said to receive its lowest share since the tax was introduced. The state to pocket $1.7 billion less than their neighbor's Victoria, and that's despite having a larger population. Well, one of the big four banks has already jumped the gun, hiking, borrowing costs for home owners before the Reserve Bank meets next week, INZ, has revealed it will lift its fixed rate by a quarter of a percent. And Bowen Bay's Blues Fest at Music Festival has been cancelled just three weeks out, event

2:05citing increasing operating costs and a challenging environment for live events with ticket sales down, sporting entertainment to next. To sport in Queensland, could be a risk of losing 2032 Olympic growing and canoeing comps to Sydney, sports officials believe the crock-infested Fitzroy River isn't suitable for Olympic standard competitions. Now, in your entertainment news and Zendaya has similarly confirmed her secret nuptials to Tom Holland, while walking the red carpet, the actor flashing her hands to the crowd with what appeared to be a gold band on that finger when she was asked about the wedding. Boy George has dished out some showbiz advice for Chapel Rowan after viewing footage of the singer clashing with Paps in Paris. The icon is urged to relax and enjoy the fame while at last. And tickets for the Devil Wears Prada 2 are now on sale. The iconic movie sequel set to hit Aussie screens, April 30. That's the latest from the Nova podcast news team, I'm another episode of the Update 4. Tomorrow, I'm Michelle Stevenson.