I propose to take Questions Nos. 187 and 190 together.
The National Oil Reserves Agency (Amendment) Bill 2026
provides for a reduction in the Petroleum Product Levy, more commonly known as the NORA Levy. The NORA Levy is a charge of 2 cent per litre applied to most petroleum products sold in the market, for the purpose of funding the operations of the National Oil Reserves Agency and the Climate Action Fund. The levy reduction to a nominal amount came into effect on 1 April 2026 and will remain in place until 31 July 2026. This levy reduction assists in easing the financial impact of energy price inflation on consumers.
As outlined in the 2022 Policy Statement on Petroleum Exploration and Production, my Department no longer accepts new applications for petroleum authorisations for the exploration and extraction of natural gas or oil. This commitment was made effective immediately upon the previous Government taking office in June 2020, and the Climate Action and Low Carbon Development (Amendment) Act 2021 placed this commitment on a statutory basis.
Holders of existing authorisations are not affected by these changes and may apply to progress their authorisations through the usual licensing stages.