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Speaker 1: Hello and welcome to the update. I'm Michelle Stevenson. Well,

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Speaker 1: there is pressure on the Energy Minister to pull the

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Speaker 1: trigger on the Liquid Fuel Emergency Act as hundreds of

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Speaker 1: service stations run out. The powers would allow Chris Bowen

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Speaker 1: to control industry held stocks of oil and fuel on

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Speaker 1: shore production as well as fuel sALS. One Nation. MP

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Speaker 1: Barnaby Joyce says the emergency powers are there for a reason.

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Speaker 2: There is the capacity the Liquid Fuel Emergency Act in

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Speaker 2: nineteen eighty four for the Minister to come in and

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Speaker 2: take control of this situation.

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Speaker 1: He has to pull the trigger.

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Speaker 2: He has to do this today.

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Speaker 1: But the PM has told Parliament the Government is already

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Speaker 1: putting a range of measures in place.

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Speaker 2: Setting up the Fuel Supply Task Force, releasing twenty percent

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Speaker 2: of our national fuel reserves, changing petrol and diesel standards

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Speaker 2: to get more fuel flowing where back down oil refineries

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Speaker 2: to keep making fuel on sure.

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Speaker 1: The federal government admits a conflict in the Middle East

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Speaker 1: will push up Australia's inflation rate. Latest data shows CPI

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Speaker 1: fell slightly to three point seven percent over the year

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Speaker 1: two February, which doesn't include the start of the war.

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Speaker 1: Housing and electricity prices continued to weigh on budgets, treasure

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Speaker 1: Jim Chalmers conceding we are in a tough economic environment.

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Speaker 3: We know that inflation is an ongoing challenge in our economy.

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Speaker 3: It's good to see it ease a bit in February,

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Speaker 3: but we know that the pressure will be upwards from

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Speaker 3: here and that the war in the Middle East will

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Speaker 3: make inflation higher for longer.

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Speaker 1: Iran has reportedly drawn up a strict list of demands

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Speaker 1: to end the conflict with the US. It includes guarantees

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Speaker 1: against future military strikes, a compensation for war damage, and

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Speaker 1: formal control over the Strait of Hormemores. Meta has been

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Speaker 1: ordered to pay three hundred and seventy five million dollars

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Speaker 1: for misleading users about the safety of its platforms. A

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Speaker 1: US jury has ordered the social media to pay the

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Speaker 1: maximum penalty to finding there were thousands of violations and

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Speaker 1: almost nine million Ausies are in for a massive hike

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Speaker 1: to their phone bills, tell strum So to lift the

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Speaker 1: cost of its mobile plans by as much as seventeen

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Speaker 1: percent from may stick around spot entertainment to next to

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Speaker 1: sport at Tasmania's entry to the AFL could be pushed

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Speaker 1: back after it was announced at Stadium will be delayed

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Speaker 1: by three years. Ozzie Open Eye Georgia Vohl has moved

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Speaker 1: into the top ten of the ICC Women's T twenty

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Speaker 1: batting rankings for the first time and after nine years

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Speaker 1: at Liverpool, Mo Sullah has announced his leaving the Reds

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Speaker 1: at the end of the season. In entertainment news now,

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Speaker 1: and word is that Tones and I may be single again.

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Speaker 1: Reports are the Aussie singer Mabe split with her husband

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Speaker 1: of three years, with a pair on following each other

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Speaker 1: on Insta Now. Netflix has revealed its BTS Live comeback

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Speaker 1: show drew a whopping eighteen point four million viewers from

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Speaker 1: around the globe. The K Bob stars returning to the

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Speaker 1: stage after a four year hiatus to complete their mandatory

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Speaker 1: military service, and Jay Z has defended daughter Blue Ivy's

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Speaker 1: NEPO status. The rapper says the fourteen year old's work

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Speaker 1: ethic is quite strong after she joined Beyonce for her

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Speaker 1: back to back shows. That's the Ladist from an over

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Speaker 1: podcast new stivem have another episode of the Update for

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Speaker 1: you tomorrow. I'm Shaw Stevenson