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Latest news: Petrol

Worsening fuel crisis prompts Bowen flight to Riyadh

Worsening fuel crisis prompts Bowen flight to Riyadh

Energy Minister Chris Bowen is off to Riyadh for talks on the Mideast crisis after a drone attack on a Saudi Arabian pipeline pushed up global oil prices.

Fuel excise cut could return as prices skyrocket again

Fuel excise cut could return as prices skyrocket again

Fuel excise cut could return as prices skyrocket again

Fuel excise cut could return as prices skyrocket again

Labor is under renewed pressure to lower the tax on fuel as the cost of filling up soars amid the US-Iran conflict with no end in sight.

Motorists warned to buckle up for higher fuel prices

Motorists warned to buckle up for higher fuel prices

Motorists warned to buckle up for higher fuel prices

Motorists warned to buckle up for higher fuel prices

One of Australia's peak motoring bodies has stopped short of calling for a fuel excise cut but believes all options should be on the table as oil prices spike.

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Gas export project to stop dipping into domestic market

Gas export project to stop dipping into domestic market

A major gas exporter says it will stop contracting third-party gas for overseas shipments, amid calls for an enforced domestic reservation.

Financial pain, not peaking prices driving fuel theft

Financial pain, not peaking prices driving fuel theft

A build-up in financial pressure over time is more likely to lead to someone stealing fuel than a spike in prices at the bowser, a report has found.

Reserve Bank's grim rates warning as oil prices spike

Reserve Bank's grim rates warning as oil prices spike

The war in the Middle East is threatening to push oil prices back above the crucial $US100 a barrel mark and make inflation even harder to get back to target.

Key oil refinery long way from return to full capacity

Key oil refinery long way from return to full capacity

Fuel maker Viva Energy is working to repair a key processor for premium fuels to restore a fire-damaged refining facility to 100 per cent capacity.

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Oil markets to remain tight as conflicts drag on

Oil markets to remain tight as conflicts drag on

Oil markets to remain tight as conflicts drag on

Oil markets to remain tight as conflicts drag on

Ampol, which owns one of Australia's two onshore oil refineries, has turned in a stellar first-half profit after oil market dislocation boosted its earnings.

Labor seeks to boost fuel security from farming waste

Labor seeks to boost fuel security from farming waste

Labor seeks to boost fuel security from farming waste

Labor seeks to boost fuel security from farming waste

The government has announced plans to kill three birds with one stone: increase fuel supply, lower emissions, and help farmers.

Ukraine’s drones hit major refinery deep inside Russia

Ukraine’s drones hit major refinery deep inside Russia

Ukraine’s drones hit major refinery deep inside Russia

Ukraine’s drones hit major refinery deep inside Russia

Ukraine has struck its fourth Russian refinery in three days, hitting a facility 1300km from the border as Kyiv continues it's long-range campaign.

Labor backs 'strong' fuel supply as petrol prices bite

Labor backs 'strong' fuel supply as petrol prices bite

Labor backs 'strong' fuel supply as petrol prices bite

Labor backs 'strong' fuel supply as petrol prices bite

Drivers continue to feel the pinch at the bowser despite strong national fuel supplies, as the ongoing volatile war in Iran drags on.

Fuel prices can't stop the music at outback festival

Fuel prices can't stop the music at outback festival

Fuel prices can't stop the music at outback festival

Fuel prices can't stop the music at outback festival

The rising cost of fuel has failed to deter thousands of music-loving campers hitting the road to travel to outback NSW for the Mundi Mundi Bash.

City drivers to cop first sting of end to fuel discount

City drivers to cop first sting of end to fuel discount

City drivers to cop first sting of end to fuel discount

City drivers to cop first sting of end to fuel discount

Households and businesses are bracing for more cost-of-living pressure as the government's fuel excise pause ends, pushing prices for petrol and diesel higher.

Electric vehicle sales soar during fuel price crunch

Electric vehicle sales soar during fuel price crunch

Electric vehicle sales soar during fuel price crunch

Electric vehicle sales soar during fuel price crunch

Australian motorists are voting with their feet and wallets as electric cars drive a path through the market.

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Household spending in spotlight as Iran war drags on

Data showing how households are managing the fallout from shaky global conditions caused by conflict in the Middle East is set to be closely scrutinised.

Rock star Elder hails Gove mining closure as land win

The end of mining at Gove is a chance to reclaim Yolŋu land, an Indigenous Elder says, and turn Rio Tinto’s old fuel tanks into a national storage hub.

Motorists urged off panic buying as excise cuts end

Australians will likely be paying up to 16 cents per litre more for petrol as excise cuts come to an end but servos are still on notice to avoid price gouging.

Fuel seller eyes massive earnings lift due to conflict

The company that owns one of Australia's two oil refineries says the Middle East war underscores the need to keep that capability, as the conflict continues.

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'Build resilience': refinery touted but discount to end

A study will examine locations for what would be the first refinery to be built in Australia since the 1960s, as a cut to the fuel excise is set to end.

'Too high': RBA rates warning as inflation fears flare

The Reserve Bank governor says interest rates may need to go higher, as Australia's weak productivity problem locks households in for lower living standards.

Drivers warned not to expect extended fuel excise cut

Anthony Albanese has indicated further price relief at the bowser is unlikely after an excise discount wraps up.

Fuel supply secure despite price alert as war grinds on

The nation's fuel supply remains secure despite the war in Iran but motorists should brace for rising prices as experts warn of extensive economic impacts.

Federal boost to help jet fuel refinery take off

Australia's first new refinery in 40 years is a step closer after funding was announced to help a biofuel company turn forestry waste into jet fuel.

Australia expands its fuel buffer against Gulf turmoil

Australia’s fuel reserves have hit all-time highs as the Iran conflict roils global oil markets, helping keep unleaded around $1.76 a litre in capital cities.

Trump threatens to shoot down signs of economic rebound

Oil prices are rising again as conflict between the US and Iran reignites, threatening a recent recovery in household confidence and spending.

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