On 14 March, the Government moved swiftly and announced reductions to petrol excise duty by 25c per litre. This was in response to significant increases in fuel prices that have been experienced here in New Zealand and around the world. These pressures have been experienced internationally for two significant reasons. The very first is well known to members of the House and people across the country, and that is Russia's invasion of Ukraine, which has put serious pressure on international fuel prices. We saw them spike extremely quickly following the development of tensions and then Russia's illegal and abhorrent actions in that country. That conflict is likely to persist for some time, and we see that those pressures will therefore persist for some time for people who use petrol across our economy and our society.