The Morning Edition A national address, nailing down the budget, and Hastie’s ‘striking’ interview
Apr 2, 2026
Paul Sakkal, chief political correspondent, offers crisp political context on the Prime Minister's national address and party dynamics. Shane Wright, senior economics correspondent, breaks down the tight budget landscape, fuel excise moves and inflation risks. They also discuss energy security and a provocative interview that signals shifting conservative currents.
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Address Was Reassurance Not Rhetoric
- Anthony Albanese's national address aimed to reassure Australians and set the government's crisis tone.
- Paul Sakkal said it served an important purpose despite not being a grand speech and will dominate the government's agenda for months.
Fuel Excise Cut Had Immediate Impact
- The halving of the fuel excise had an immediate effect with petrol stations cutting prices by about 15–20 cents per litre.
- Paul Sakkal noted the cut reduced pump prices quickly but may not lower prices long-term amid supply constraints.
Avoid Fuel Tax Cuts When Fighting Inflation
- Avoid using fuel tax cuts as inflation relief because they re-inject spending power and can raise inflationary pressure.
- Shane Wright warned the Reserve Bank will worry as lower petrol prices may increase demand by 1–2% and offset disinflationary effects.