Holly Wainwright

Got it really clear to explain.

It's really interesting, your story then, Em, because I think depending on where you live, what stage of life you're at, and whether or not you have a family and need to drive for various things, or whether or not you live on a farm, or whether or not you're a truck driver, your relationship with petrol and cars is very different, right?

But Australia is a car-driving country, no question, right?

And it's affecting everybody.

As the point you've made, because the answer to why petrol is getting expensive is because of the war in the Middle East, which is causing humanitarian crisis in all kinds of countries.

very difficult geopolitical issues, but it boils down to affect our bottom line.

I don't think that's trivial when we're already living in a very heightened environment of stress about money, cost of living crisis, all of those things.

And now we're being told, you turn on the TV and it's like, we're going to run out of petrol.

We're going to run out of petrol.

Everything's going to become more expensive.

It's like adding on the stress to ordinary people in different situations, just more and more stress to their lives.

So I think it's fair that everybody's worried about it.

And I think people are getting a little bit antsy about being told, you're wrong.

There's nothing happening.

Anyway, to answer your question of why it is getting more expensive in the simplest way that we can, it is because of the war in the Middle East and the fact that even though Australia imports much of its fuel from Asia...

That all originates in the Middle East in some way.

The most simple way to explain it is, so there was an excellent expert on the quickie this morning from the NRMA called Peter Corey, and he basically made the point that if the Middle East sneezes on this issue, then the rest of the world will catch the cold because even though we import a lot of our fuel from either in its raw state or its refined state from, say, Singapore or China or India, that fuel all originates in some way in the Middle East anyway.

Yeah.

So the prices are globally set?

Well, no, they're not globally set.