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Latest news: Petrol

Big state fuel buffer to protect against foreign shocks

Big state fuel buffer to protect against foreign shocks

South Australia could stockpile up to 20 million litres of diesel, touting a bigger fuel buffer than larger jurisdictions, as states rush to lock in supplies.

Oil crisis not over: warnings of diesel over $4 a litre

Oil crisis not over: warnings of diesel over $4 a litre

Oil crisis not over: warnings of diesel over $4 a litre

Oil crisis not over: warnings of diesel over $4 a litre

With the Strait of Hormuz still shut and stockpiles running down, economists warn fuel prices could spike above levels previously seen during this oil crisis.

National fuel reserve 'future-proofed' in $10b plan

National fuel reserve 'future-proofed' in $10b plan

National fuel reserve 'future-proofed' in $10b plan

National fuel reserve 'future-proofed' in $10b plan

Australia has taken steps to shore up security of fuel and fertiliser under a multibillion-dollar package as supply chains remain disrupted by the Iran war.

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Third RBA rate hike might not be the end for borrowers

Third RBA rate hike might not be the end for borrowers

Mortgage holders are back to square one after a third straight Reserve Bank rate hike, adding hundreds of dollars more to interest repayments since February.

States pump up fuel security and bowser policing

States pump up fuel security and bowser policing

One state is opening surplus port land to new fuel tanks and refineries as it races to boost storage and cut reliance on volatile global supply chains.

Australia 'well-placed' to weather fuel supply storm

Australia 'well-placed' to weather fuel supply storm

If the war in the Middle East ended now, there would still be impacts on supply chains, the federal energy minister warns.

Australia will avoid recession, despite global jitters

Australia will avoid recession, despite global jitters

One of the big four banks has delivered encouraging news about Australia's chances of avoiding a recession, which could still emerge in the global economy.

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Signs point to bumpy road for motorists in fuel crisis

Signs point to bumpy road for motorists in fuel crisis

Signs point to bumpy road for motorists in fuel crisis

Signs point to bumpy road for motorists in fuel crisis

Higher fuel prices could be just weeks away as conflict in the Middle East drags on, with the nation's leaders committing to further crisis talks.

Worse to come as oil crisis adds fuel to rate-pain fire

Worse to come as oil crisis adds fuel to rate-pain fire

Worse to come as oil crisis adds fuel to rate-pain fire

Worse to come as oil crisis adds fuel to rate-pain fire

A rate hike in May is forecast by analysts after the Iran oil shock pushed the annual headline inflation level to the highest point in almost three years.

Coalition fuel fix misfires over start-up funding doubt

Coalition fuel fix misfires over start-up funding doubt

Coalition fuel fix misfires over start-up funding doubt

Coalition fuel fix misfires over start-up funding doubt

Confusion reigns over who would pay for a coalition plan to add one billion litres to Australia's emergency fuel stocks - and if the supply figures add up.

More fuel on the way to bolster Australian reserves

More fuel on the way to bolster Australian reserves

More fuel on the way to bolster Australian reserves

More fuel on the way to bolster Australian reserves

An estimated 4.6 billion litres of fuel will come into the country during coming weeks, with 58 cargo ships due to arrive.

Impact on inflation from fuel price hike to be revealed

Impact on inflation from fuel price hike to be revealed

Impact on inflation from fuel price hike to be revealed

Impact on inflation from fuel price hike to be revealed

The first inflation figures since the Iran war started, causing petrol prices to skyrocket, will give clues on its cost - with home-buyers watching closely.

Extra diesel shipments prioritised for regional areas

Extra diesel shipments prioritised for regional areas

Extra diesel shipments prioritised for regional areas

Extra diesel shipments prioritised for regional areas

Two additional cargo ships of diesel will come into Australia, bringing in 100 million litres of supply after deals struck with two major fuel companies.

Australia has more fuel in tank than before Iran war

Australia has more fuel in tank than before Iran war

Australia has more fuel in tank than before Iran war

Australia has more fuel in tank than before Iran war

As the repercussions of the US-led war on Iran continue and a crucial oil corridor remains effectively closed, Australia has topped up its fuel supply.

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Search to shore up fuel security strikes 'liquid gold'

A renewable diesel project has been unveiled as a state government shores up fuel security after butting heads with the commonwealth over a proposed oil field.

Cracks show in One Nation vote as Hanson taunts rivals

The number of voters backing Pauline Hanson's political movement appears to have plateaued, but the firebrand senator says her rivals are copying her policies.

Truckies win fuel boost to fight dire price threat

Transport workers could soon be getting more money to cover the costs of rising fuel prices from the Iran war after a decision from the workplace watchdog.

Drivers' fuel spend finally drops as oil channel shuts

Australian motorists are caught between the US and Iran as the Islamic republic backflips on a promise to reopen a critical shipping route.

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Reopening of strait "very fragile", PM says

Dozens of oil tankers are on their way to Australia through the Strait of Hormuz as an international mission gets under way to ensure the waterway remains open.

Budget tightrope to cut oil dependence, ease inflation

The upcoming budget presents an opportunity to reduce reliance on vulnerable global fuel supply chains but comes at a time of multiple priorities to juggle.

Compromises abound in PM's global hunt for extra fuel

As fuel supplies tighten, world leaders - including Australia's - are having to make uncomfortable choices about where they source their oil.

By-election sparked by MP's death ignites fuel debate

A by-election date has been confirmed after an MP's sudden death, triggering debate about a state government's handling of the fuel crisis.

No extra fuel security measures after refinery inferno

An increase in Australia's fuel security level is not being considered, despite a major fire at an oil refinery disrupting 40 per cent of petrol production.

Fresh fuel supply fears hosed down after refinery blaze

Australia will lean more heavily on fuel imports after a fire caused by a suspected gas leak ripped through one of the nation's two oil refineries.

Pressure over fuel, fertiliser as refinery burns

Fertiliser, fuel and a refinery fire at home are causing concern amid the ongoing conflict in the Middle East.

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