The government has finally announced its national fuel security plan to help us cope with one of the worst global oil crisis the world has seen.

After meeting with the heads of all states and territories in a special meeting of the national cabinet, Prime Minister Anthony Albanese said the government was acting now to be “overprepared" for any worsening of the crisis that has resulted from the war in the Middle East - now in its fifth week, and showing no signs of stopping.

Today, hear federal political correspondent Natassia Chrysanthos on what relief Australians will get out of this plan, and whether the government’s measures will boost inflation.