{"id":580104,"date":"2026-04-02T05:42:22","date_gmt":"2026-04-02T05:42:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/580104\/"},"modified":"2026-04-02T05:42:22","modified_gmt":"2026-04-02T05:42:22","slug":"australia-news-live-petrol-prices-fall-20-cents-a-litre-in-two-days-in-capital-cities-asx-tumbles-after-trump-speech-australia-news-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/580104\/","title":{"rendered":"Australia news live: petrol prices fall 20 cents a litre in two days in capital cities; ASX tumbles after Trump speech | Australia news"},"content":{"rendered":"<p>Petrol prices have fallen 20c a litre in capital cities since the fuel excise cut<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/04\/1775108541_396_Luca_Ittimani.png\" alt=\"Luca Ittimani\" class=\"dcr-lysqes\"\/>Luca Ittimani<\/p>\n<p class=\"dcr-130mj7b\">Petrol prices have now fallen about 20 cents in every capital city over the last two days, after the government cut the fuel excise by 26.3c on Wednesday.<\/p>\n<p class=\"dcr-130mj7b\">Every capital\u2019s average prices are back below 240c a litre for unleaded and 310c for diesel, new data from NRMA shows.<\/p>\n<p class=\"dcr-130mj7b\">Perth is feeling the excise cut\u2019s effect today, after unleaded fell only 7c a litre yesterday but dropped another 14c today on average, to average 230.9c a litre.<\/p>\n<p class=\"dcr-130mj7b\">Some cities saw most of the reductions in price yesterday, like Adelaide, where average unleaded prices fell 24c yesterday then 4c today, now sitting at 230.4c, 28.8c cheaper than they were before the excise reduction. Darwin has also seen unleaded prices fall by about 28.8c per litre.<\/p>\n<p class=\"dcr-130mj7b\">Unleaded prices are averaging 236.6c per litre in Sydney, 237.7c in Melbourne, 236.4c in Brisbane, 232c in Hobart and 234.5c in Canberra.<\/p>\n<p class=\"dcr-130mj7b\">Diesel prices fell about 10c a litre yesterday and about another 5c a litre today, varying by city.<\/p>\n<p><a href=\"mailto:?subject=Australia news live: petrol prices fall 20 cents a litre in two days in capital cities; ASX tumbles after Trump speech&amp;body=https:\/\/www.theguardian.com\/australia-news\/live\/2026\/apr\/02\/anthony-albanese-fuel-crisis-angus-taylor-middle-east-labor-liberals-easter-travel-press-club-ntwnfb?CMP=share_btn_url&amp;page=with%3Ablock-69cde8ce8f08e7b812c98caf#block-69cde8ce8f08e7b812c98caf\" type=\"button\" class=\"dcr-1mulgdf\">Share<\/a><\/p>\n<p>Updated at\u00a000.07 EDT<\/p>\n<p>Key events<\/p>\n<p>Show key events only<\/p>\n<p>Please turn on JavaScript to use this feature<\/p>\n<p class=\"dcr-130mj7b\">Australian shares have tumbled while the price of oil is surging, after US President Donald Trump threatened to send Iran \u201cback to the Stone Ages\u201d while declaring his military campaign nearly complete.<\/p>\n<p class=\"dcr-130mj7b\">The S&amp;P\/ASX200 reversed early gains to end 92.3 points lower on Friday, down 1.06 per cent, to 8,579.5, as the broader All Ordinaries lost 110.7 points, or 1.25 per cent, to 8,774.9.<\/p>\n<p class=\"dcr-130mj7b\">The retreat came after Trump used a prime-time address to announce the Iran conflict would end soon, but not before the US ramped up its attacks, including on energy infrastructure if no deal was reached.<\/p>\n<p>US President Donald Trump delivers a nationwide address on Iran from the Cross Hall of the White House in Washington, DC Photograph: Alex Brandon\/EPA<\/p>\n<p class=\"dcr-130mj7b\">Trump offered no plan to reopen the blockaded Strait of Hormuz, instead suggesting nations depending oil moved through it to buy US crude or \u201ctake\u201d the strait themselves.<\/p>\n<p class=\"dcr-130mj7b\">Oil prices, which had eased to around $US100 a barrel on hopes the campaign would be winding down, soared after the speech above $US107 by the ASX close.<\/p>\n<p class=\"dcr-130mj7b\">The Australian dollar is buying 68.79 US cents, down from 69.05 on Wednesday at 5pm, the Aussie fading as risk sentiment soured.<\/p>\n<p><a href=\"mailto:?subject=Australia news live: petrol prices fall 20 cents a litre in two days in capital cities; ASX tumbles after Trump speech&amp;body=https:\/\/www.theguardian.com\/australia-news\/live\/2026\/apr\/02\/anthony-albanese-fuel-crisis-angus-taylor-middle-east-labor-liberals-easter-travel-press-club-ntwnfb?CMP=share_btn_url&amp;page=with%3Ablock-69ce00c28f08e0e61fbf64da#block-69ce00c28f08e0e61fbf64da\" type=\"button\" class=\"dcr-1mulgdf\">Share<\/a><\/p>\n<p class=\"dcr-130mj7b\">Wells says Labor reforms attempting to \u2018break the nexus between sport and wagering\u2019<\/p>\n<p class=\"dcr-130mj7b\">The minister for communications, Annika Wells, has told ABC the government\u2019s reforms to gambling advertising is an effort to \u201cbreak the nexus between sport and wagering\u201d.<\/p>\n<p class=\"dcr-130mj7b\">Wells highlighted the issue of match-fixing linked to gambling.<\/p>\n<p>double quotation markMatch-fixing has been a real problem particularly in league where people are coming to the country to play for a club, being beset by offshore gambling company.<\/p>\n<p>We are doing a number of things to address this as part of a broader, and what I believe is a substantial package.<\/p>\n<p class=\"dcr-130mj7b\">Following Wells on the ABC\u2019s Afternoon Briefing, Dr Samantha Thomas, professor of public health at Deakin University, said the government\u2019s reforms were \u201csmall and underwhelming\u201d as they don\u2019t implement the full suite of recommendations from the Murphy inquiry.<\/p>\n<p>double quotation markThe government\u2019s reforms today may look like they are taking a step forward but in fact they are just creating a lot more freedom for the industry to target young people and continue that harm.<\/p>\n<p class=\"dcr-130mj7b\">Thomas described the online gambling industry as one of the most hi-tech, innovative, and health-harming industries in the world.<\/p>\n<p><a href=\"mailto:?subject=Australia news live: petrol prices fall 20 cents a litre in two days in capital cities; ASX tumbles after Trump speech&amp;body=https:\/\/www.theguardian.com\/australia-news\/live\/2026\/apr\/02\/anthony-albanese-fuel-crisis-angus-taylor-middle-east-labor-liberals-easter-travel-press-club-ntwnfb?CMP=share_btn_url&amp;page=with%3Ablock-69cdfec68f08e7b812c98d22#block-69cdfec68f08e7b812c98d22\" type=\"button\" class=\"dcr-1mulgdf\">Share<\/a><\/p>\n<p>Updated at\u00a001.36 EDT<\/p>\n<p>Fuel price gougers \u2018will have the book thrown at them\u2019, Chalmers says<\/p>\n<p class=\"dcr-130mj7b\">The treasurer, Jim Chalmers, has welcomed the Australian Competition and Consumer Commission serving notices on several fuel businesses imposing sizeable fuel surcharges for deliveries to remote areas.<\/p>\n<p class=\"dcr-130mj7b\">\u201cAnyone who seeks to use the conflict in the Middle East to rip off Australians will have the book thrown at them,\u201d he said.<\/p>\n<p class=\"dcr-130mj7b\">\u201cNo matter what they\u2019re selling or where they\u2019re selling it, businesses must not exploit the conflict in the Middle East and make false claims about the effect of fuel prices.\u201d<\/p>\n<p class=\"dcr-130mj7b\">\u201cWe won\u2019t cop big corporates treating Australian consumers like mugs,\u201d he said.<\/p>\n<p>double quotation markWe\u2019re empowering the ACCC to crack down with $100m fines for companies that exploit this global crisis to rip off Australians.<\/p>\n<p>A woman looks at signs displayed on empty fuel dispensers at a Shell petrol station that ran out of fuel, in Sydney Photograph: Hollie Adams\/Reuters<a href=\"mailto:?subject=Australia news live: petrol prices fall 20 cents a litre in two days in capital cities; ASX tumbles after Trump speech&amp;body=https:\/\/www.theguardian.com\/australia-news\/live\/2026\/apr\/02\/anthony-albanese-fuel-crisis-angus-taylor-middle-east-labor-liberals-easter-travel-press-club-ntwnfb?CMP=share_btn_url&amp;page=with%3Ablock-69cdfadb8f082fa268c5cc60#block-69cdfadb8f082fa268c5cc60\" type=\"button\" class=\"dcr-1mulgdf\">Share<\/a><\/p>\n<p>Updated at\u00a001.40 EDT<\/p>\n<p>ACCC warns fuel retailers to pass on all excise cuts<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/04\/1775108541_396_Luca_Ittimani.png\" alt=\"Luca Ittimani\" class=\"dcr-lysqes\"\/>Luca Ittimani<\/p>\n<p class=\"dcr-130mj7b\">The Australian Competition and Consumer Commission today warned fuel retailers to pass on all excise cuts as quickly as possible, after the government announced an extra 5.7 cent cut<\/p>\n<p class=\"dcr-130mj7b\">In a statement, it said it was investigating whether several fuel distributors imposed \u201cfuel surcharges\u201d on rural and regional deliveries that were bigger than their real rising fuel costs. It did not name the companies.<\/p>\n<p class=\"dcr-130mj7b\">The ACCC said it had demanded explanation from the distributors in South Australia, Western Australia, Queensland and the Northern Territory, serving legal notices requiring proof of the need for the extra charge.<\/p>\n<p class=\"dcr-130mj7b\">Petrol prices have been falling thanks to major fuel companies\u2019 speedy pass-through of the government\u2019s fuel excise cut, watched closely by the competition watchdog.<\/p>\n<p class=\"dcr-130mj7b\">Ampol has confirmed all Ampol-owned petrol stations had passed on the whole fuel excise cut of 26.3c a litre by this morning. BP said it had reflected the reduction in its pricing decisions.<\/p>\n<p class=\"dcr-130mj7b\">Not everywhere has enjoyed the full cut though, according to Motormouth data. While some capital cities have seen regular unleaded prices fall 30c a litre on average, Wagga Wagga has seen only a 17c fall, the Sunshine Coast 16c and Ballina 12c.<\/p>\n<p><a href=\"mailto:?subject=Australia news live: petrol prices fall 20 cents a litre in two days in capital cities; ASX tumbles after Trump speech&amp;body=https:\/\/www.theguardian.com\/australia-news\/live\/2026\/apr\/02\/anthony-albanese-fuel-crisis-angus-taylor-middle-east-labor-liberals-easter-travel-press-club-ntwnfb?CMP=share_btn_url&amp;page=with%3Ablock-69cdf6d58f08e7b812c98d06#block-69cdf6d58f08e7b812c98d06\" type=\"button\" class=\"dcr-1mulgdf\">Share<\/a><\/p>\n<p>Updated at\u00a001.38 EDT<\/p>\n<p class=\"dcr-130mj7b\">NSW residents warned of mosquito bite risk over Easter weekend<\/p>\n<p class=\"dcr-130mj7b\">NSW <a href=\"https:\/\/www.theguardian.com\/australia-news\/health\" data-link-name=\"in body link\" data-component=\"auto-linked-tag\" rel=\"nofollow noopener\" target=\"_blank\">Health<\/a> has issued a reminder warning people against the risks of mosquito bites during the Easter long weekend and upcoming school holidays.<\/p>\n<p class=\"dcr-130mj7b\">Recent mosquito monitoring has detected Ross River virus activity in mosquito trappings in parts of greater western Sydney.<\/p>\n<p class=\"dcr-130mj7b\">Earlier this year, Japanese encephalitis (JE) virus and Barmah Forest virus activity were detected in inland areas of NSW.<\/p>\n<p>Warm weather and heavy rainfalls have resulted in a boost in mosquito numbers. Photograph: Dave Hunt\/AAP<\/p>\n<p class=\"dcr-130mj7b\">NSW Health executive director of health protection, Dr Kerryn Coleman, said even though summer was over, continuing warm weather and wet conditions meant mosquitoes were still present in significant numbers, particularly in the greater Sydney region.<\/p>\n<p>double quotation markThe Easter long weekend and the school holidays are a time when many people travel, spend time outdoors, and take part in activities like camping and visiting parks, which can increase the risk of exposure to mosquitoes and mosquito bites.<\/p>\n<p>The Ross River virus activity recently detected in greater Sydney is particularly concerning because of the density of the population, so with many people planning to be outdoors, we are encouraging them to take the necessary precautions not to get bitten.<\/p>\n<p>Viruses such as Ross River and Barmah Forest can cause unpleasant symptoms, including tiredness, rash, fever, and sore and swollen joints.<\/p>\n<p>These symptoms usually last a few days, but some people may experience these symptoms for weeks or even months.<\/p>\n<p>There is no specific treatment for these viruses. The best way to avoid infection is to avoid being bitten by mosquitoes.<\/p>\n<p class=\"dcr-130mj7b\">NSW Health recently expanded free access to the JE vaccine to people who plan to visit high-risk local government areas for outdoor recreational activities including camping, caravanning, boating, hunting and fishing while mosquito activity remains high.<\/p>\n<p class=\"dcr-130mj7b\">The JE vaccine is also free for anyone who lives or routinely works in various inland regions as well as people who work in some high-risk occupations.<\/p>\n<p><a href=\"mailto:?subject=Australia news live: petrol prices fall 20 cents a litre in two days in capital cities; ASX tumbles after Trump speech&amp;body=https:\/\/www.theguardian.com\/australia-news\/live\/2026\/apr\/02\/anthony-albanese-fuel-crisis-angus-taylor-middle-east-labor-liberals-easter-travel-press-club-ntwnfb?CMP=share_btn_url&amp;page=with%3Ablock-69cdf2988f08e7b812c98cee#block-69cdf2988f08e7b812c98cee\" type=\"button\" class=\"dcr-1mulgdf\">Share<\/a><\/p>\n<p>Updated at\u00a000.50 EDT<\/p>\n<p class=\"dcr-130mj7b\">Albanese announces new restrictions on gambling advertising<\/p>\n<p class=\"dcr-130mj7b\">In his National Press Club address <a href=\"https:\/\/www.theguardian.com\/australia-news\/anthony-albanese\" data-link-name=\"in body link\" data-component=\"auto-linked-tag\" rel=\"nofollow noopener\" target=\"_blank\">Anthony Albanese<\/a> announced tougher restrictions on gambling advertising. New measures include capping TV ads, banning radio ads during school pickup and drop-off times, and restricting online ads to verified adults with opt-out options<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" alt=\"Albanese announces new restrictions on gambling advertising \u2013 video \" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/04\/1775108542_515_5432.jpg\" height=\"259\" width=\"460\" class=\"dcr-1qi2at0\"\/>Albanese announces new restrictions on gambling advertising \u2013 video <a href=\"mailto:?subject=Australia news live: petrol prices fall 20 cents a litre in two days in capital cities; ASX tumbles after Trump speech&amp;body=https:\/\/www.theguardian.com\/australia-news\/live\/2026\/apr\/02\/anthony-albanese-fuel-crisis-angus-taylor-middle-east-labor-liberals-easter-travel-press-club-ntwnfb?CMP=share_btn_url&amp;page=with%3Ablock-69cdf0d68f082fa268c5cc2e#block-69cdf0d68f082fa268c5cc2e\" type=\"button\" class=\"dcr-1mulgdf\">Share<\/a><\/p>\n<p>Updated at\u00a000.41 EDT<\/p>\n<p class=\"dcr-130mj7b\">Husband of Peta Murphy praises gambling ad measures as \u2018significant step forward\u2019<\/p>\n<p class=\"dcr-130mj7b\">Rod Glover, the widower of the late Labor MP Peta Murphy, who spearheaded gambling advertising reforms, has praised the government\u2019s announced package of measures, saying his late wife would have been \u201cvery proud\u201d of the progress.<\/p>\n<p class=\"dcr-130mj7b\">In a <a href=\"https:\/\/www.linkedin.com\/posts\/rod-glover-73a02782_this-afternoon-the-prime-minister-announced-activity-7445296819540062209--IwS\/?utm_source=share&amp;utm_medium=member_desktop&amp;rcm=ACoAAAJMLqcBmgM3BIWMob843dneDnJ-1F0j9bo\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">LinkedIn post<\/a>, he wrote:<\/p>\n<p>double quotation markI want to acknowledge the prime minister for taking this major step forward, and for engaging seriously with the findings of Peta\u2019s committee. People do not always see what leaders carry in navigating difficult debates such as this \u2013 particularly when they are also personal \u2013 but if they could, they would have great respect for the policy integrity and personal compassion shown.<\/p>\n<p>I also want to pay particular thanks to the minister for communications and sport, Anika Wells, for her dedication to progressing this issue. Peta would have appreciated the efforts of a colleague and a friend.<\/p>\n<p>My main message today is one that Peta cared most deeply about. Throughout the committee\u2019s work, many people came forward to share deeply personal stories of loss \u2013 experiences that affected them, their families, and their communities. The Murphy report gave those stories the weight and dignity they deserve.<\/p>\n<p>I hope that today\u2019s response from the Albanese government offers some comfort to those who spoke up \u2013 that their voices have been heard, and that what they shared has made a difference.<\/p>\n<p>The outcome achieved today is not perfect, but policy rarely is. This package represents a significant step forward on an issue the community cares deeply about, and I hope it is supported by all those in parliament and beyond.<\/p>\n<p>Rod Glover, widower of the late MP Peta Murphy speaks during her funeral service in 2023 Photograph: Joel Carrett\/AAP<a href=\"mailto:?subject=Australia news live: petrol prices fall 20 cents a litre in two days in capital cities; ASX tumbles after Trump speech&amp;body=https:\/\/www.theguardian.com\/australia-news\/live\/2026\/apr\/02\/anthony-albanese-fuel-crisis-angus-taylor-middle-east-labor-liberals-easter-travel-press-club-ntwnfb?CMP=share_btn_url&amp;page=with%3Ablock-69cdf01d8f08e0e61fbf6480#block-69cdf01d8f08e0e61fbf6480\" type=\"button\" class=\"dcr-1mulgdf\">Share<\/a><\/p>\n<p>Updated at\u00a000.38 EDT<\/p>\n<p>Petrol prices have fallen 20c a litre in capital cities since the fuel excise cut<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/04\/1775108541_396_Luca_Ittimani.png\" alt=\"Luca Ittimani\" class=\"dcr-lysqes\"\/>Luca Ittimani<\/p>\n<p class=\"dcr-130mj7b\">Petrol prices have now fallen about 20 cents in every capital city over the last two days, after the government cut the fuel excise by 26.3c on Wednesday.<\/p>\n<p class=\"dcr-130mj7b\">Every capital\u2019s average prices are back below 240c a litre for unleaded and 310c for diesel, new data from NRMA shows.<\/p>\n<p class=\"dcr-130mj7b\">Perth is feeling the excise cut\u2019s effect today, after unleaded fell only 7c a litre yesterday but dropped another 14c today on average, to average 230.9c a litre.<\/p>\n<p class=\"dcr-130mj7b\">Some cities saw most of the reductions in price yesterday, like Adelaide, where average unleaded prices fell 24c yesterday then 4c today, now sitting at 230.4c, 28.8c cheaper than they were before the excise reduction. Darwin has also seen unleaded prices fall by about 28.8c per litre.<\/p>\n<p class=\"dcr-130mj7b\">Unleaded prices are averaging 236.6c per litre in Sydney, 237.7c in Melbourne, 236.4c in Brisbane, 232c in Hobart and 234.5c in Canberra.<\/p>\n<p class=\"dcr-130mj7b\">Diesel prices fell about 10c a litre yesterday and about another 5c a litre today, varying by city.<\/p>\n<p><a href=\"mailto:?subject=Australia news live: petrol prices fall 20 cents a litre in two days in capital cities; ASX tumbles after Trump speech&amp;body=https:\/\/www.theguardian.com\/australia-news\/live\/2026\/apr\/02\/anthony-albanese-fuel-crisis-angus-taylor-middle-east-labor-liberals-easter-travel-press-club-ntwnfb?CMP=share_btn_url&amp;page=with%3Ablock-69cde8ce8f08e7b812c98caf#block-69cde8ce8f08e7b812c98caf\" type=\"button\" class=\"dcr-1mulgdf\">Share<\/a><\/p>\n<p>Updated at\u00a000.07 EDT<\/p>\n<p class=\"dcr-130mj7b\">\u2018Partial bans do not work,\u2019 AMA says of Labor\u2019s new gambling ad crackdown<\/p>\n<p class=\"dcr-130mj7b\">Australia\u2019s peak medical body has criticised the government\u2019s new gambling advertising reforms, stating \u201cpartial bans do not work\u201d.<\/p>\n<p class=\"dcr-130mj7b\">The government\u2019s package includes caps on advertising volume, extended blackout periods around sporting matches, opt-out tools for social media and streaming platforms, a phased ban on stadium and jersey advertising, and restrictions on ads around school pick-up times.<\/p>\n<p class=\"dcr-130mj7b\">The Australian Medical Association says it is concerned the reforms do not include a national independent gambling regulator or a pathway to a total ban on online gambling advertising, as recommended by the Murphy review.<\/p>\n<p class=\"dcr-130mj7b\">Vice president Assoc Prof Julian Rait said the measures announced today acknowledge the scale of the problem but don\u2019t go far enough, with more comprehensive protections needed.<\/p>\n<p>double quotation markAustralians lose more to gambling than any other country in the world. Gambling addiction is a serious health issue linked to mental illness, substance abuse, family breakdown and severe financial distress.<\/p>\n<p>\u2026 Partial bans do not work. We have seen this repeatedly across public health. Anything less than a comprehensive ban will continue to expose Australians \u2013 especially children \u2013 to relentless gambling promotion.<\/p>\n<p>\u2026 A full ban on online gambling advertising is the only effective way to reduce harm. The government must strengthen these reforms and implement a comprehensive ban without delay.<\/p>\n<p><a href=\"mailto:?subject=Australia news live: petrol prices fall 20 cents a litre in two days in capital cities; ASX tumbles after Trump speech&amp;body=https:\/\/www.theguardian.com\/australia-news\/live\/2026\/apr\/02\/anthony-albanese-fuel-crisis-angus-taylor-middle-east-labor-liberals-easter-travel-press-club-ntwnfb?CMP=share_btn_url&amp;page=with%3Ablock-69cde2428f08e7b812c98c81#block-69cde2428f08e7b812c98c81\" type=\"button\" class=\"dcr-1mulgdf\">Share<\/a><\/p>\n<p>Updated at\u00a023.42 EDT<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/04\/1775108542_129_Tom_McIlroy.png\" alt=\"Tom McIlroy\" class=\"dcr-lysqes\"\/>Tom McIlroy<\/p>\n<p class=\"dcr-130mj7b\">Liberal federal director to step down<\/p>\n<p class=\"dcr-130mj7b\">Andrew Hirst, the federal director of the <a href=\"https:\/\/www.theguardian.com\/australia-news\/liberal-party\" data-link-name=\"in body link\" data-component=\"auto-linked-tag\" rel=\"nofollow noopener\" target=\"_blank\">Liberal party<\/a>, has announced plans to step down in June.<\/p>\n<p class=\"dcr-130mj7b\">Hirst said on Thursday he had told the party president, John Olsen, of his intention to quit at the next federal council meeting, and after the Farrer byelection on 9 May.<\/p>\n<p class=\"dcr-130mj7b\">Since taking the top job nine years ago, Hirst has served under leaders Malcolm Turnbull, Scott Morrison, Peter Dutton, Sussan Ley and Angus Taylor.<\/p>\n<p class=\"dcr-130mj7b\">Credited with leading Morrison\u2019s come-from-behind election win in 2019, Hirst said it was the right time to hand over to new organisational leadership and allow planning ahead of the next federal election.<\/p>\n<p class=\"dcr-130mj7b\">In a statement, he thanked party officials and said he wanted to pay particular tribute to Morrison, saying: \u201cHistory will judge Scott well.\u201d<\/p>\n<p>double quotation markOur party faces significant challenges that must be confronted with renewed energy and determination.<\/p>\n<p>I have great confidence in the leadership of Angus Taylor and Jane Hume as the custodians of our party, and I wish them and the parliamentary team well for the future.<\/p>\n<p><a href=\"mailto:?subject=Australia news live: petrol prices fall 20 cents a litre in two days in capital cities; ASX tumbles after Trump speech&amp;body=https:\/\/www.theguardian.com\/australia-news\/live\/2026\/apr\/02\/anthony-albanese-fuel-crisis-angus-taylor-middle-east-labor-liberals-easter-travel-press-club-ntwnfb?CMP=share_btn_url&amp;page=with%3Ablock-69cde1098f08e7b812c98c74#block-69cde1098f08e7b812c98c74\" type=\"button\" class=\"dcr-1mulgdf\">Share<\/a><\/p>\n<p>Updated at\u00a023.37 EDT<\/p>\n","protected":false},"excerpt":{"rendered":"Petrol prices have fallen 20c a litre in capital cities since the fuel excise cutLuca Ittimani Petrol prices&hellip;\n","protected":false},"author":2,"featured_media":580000,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,44],"class_list":["post-580104","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/580104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=580104"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/580104\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/580000"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=580104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=580104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=580104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}