Scott Wyatt

Year on year, it is declining.

It's declining up until this point, probably primarily just through more efficient petrol vehicles being deployed in the fleet.

But in the future, they'll be driven heavily by the adoption of EVs.

Obviously, what we've been through in the last few weeks is no doubt going to drive up the uptake in EVs and give it a welcome boost.

But it's going to be mixed across the sectors that hydrocarbons play a role in, in terms of how quick the adoption of renewables can take hold.

and how long hydrocarbons will continue to be needed.

I mean, I think that there's a very long tail out of this, Alan.

I think even if the straits were to open tomorrow and oil started to flow, it'll take a long time for that oil to find its way to the refineries that normally process it and for those refineries to then turn that into a refined product.

So I think regardless of how quickly that

a resolution is found we will be dealing with the effects the physical effects of what's occurred for probably the rest of this year um that will obviously be reflected in in the price of of fuel as well unfortunately it's going to be an elevated period of time um

because it's been such an impactful and it's been a very impactful event.

Obviously there's been damage in the Middle East to fields and production and the whole range of facilities as they make, you know, not just related to fuels but a whole range of other products that will be impacted as a result of this conflict that will take quite some time to recover and that's unknown at this point in time and may take a number of years to be fully recovered.

I don't think anyone knows that, Alan, to be honest.

It's really a day-by-day, week-by-week assessment.

I think we can't control that.

What we can control is continuing to ensure that we find the fuel that Australia needs and continue to make sure that flows to the country to ride out

And by time to see this resolved, I think that's what we can do and that's what we are doing.

So every week we're able to roll forward our import program and we are typically buying fuel six weeks in advance.

So we're into June now.

Every week we're able to do that.