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Latest news: Petrol

PM still hedging on extension of fuel tax discount

PM still hedging on extension of fuel tax discount

Asked whether a decision is likely on an extension to the federal government's fuel tax discount, Prime Minister Anthony Albanese says a call is days away.

Drivers brace as excise increase looms on holiday eve

Drivers brace as excise increase looms on holiday eve

Drivers brace as excise increase looms on holiday eve

Drivers brace as excise increase looms on holiday eve

A jump in fuel prices will wreak havoc on regional economies as one of the biggest holiday periods for road trippers approaches, a peak body has warned.

Fuel prices destined to jump despite record supplies

Fuel prices destined to jump despite record supplies

Fuel prices destined to jump despite record supplies

Fuel prices destined to jump despite record supplies

The expected end to the 32-cent-a-litre fuel tax cut will see fuel prices tick back up despite hopes for a looming resolution to the conflict in Iran.

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Motorists set to pay more for fuel as tax cut ends

Motorists set to pay more for fuel as tax cut ends

Motorists will face higher fuel prices at the bowser in the coming weeks as the federal government flags the end of the temporary cut to the excise.

These artists pay $350 a tank and are driving 2500km

These artists pay $350 a tank and are driving 2500km

Artists from remote Aboriginal communities travel vast distances to sell their work in Darwin and Sydney - but the price of diesel has doubled.

Fuel stocks look secure into August as price hike eases

Fuel stocks look secure into August as price hike eases

The nation's fuel reserves are flush as petrol prices at the bowser continue to drop, but motorists could be in for a shock when the excise discount ends.

Environmental bypass to fast-track oil project

Environmental bypass to fast-track oil project

A state deputy premier will have the power to override environmental and heritage laws in a move slammed by the opposition and a conservation group.

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Diesel boost on the water for bottlenecked regions

Diesel boost on the water for bottlenecked regions

Diesel boost on the water for bottlenecked regions

Diesel boost on the water for bottlenecked regions

The federal government has secured additional diesel to help ease Queensland's regional supply bottlenecks.

Temporary fuel tax cut likely to remain temporary

Temporary fuel tax cut likely to remain temporary

Temporary fuel tax cut likely to remain temporary

Temporary fuel tax cut likely to remain temporary

A three-month cut to the fuel excise, prompted by soaring prices caused by the US-Israeli-led war on Iran, appears unlikely to be extended.

Australia secures more jet fuel shipments from China

Australia secures more jet fuel shipments from China

Australia secures more jet fuel shipments from China

Australia secures more jet fuel shipments from China

An extra 100,000 litres of jet fuel will come through in three shipments from June, following negotiations with Beijing.

Fuel excise extension weighed as states look to supply

Fuel excise extension weighed as states look to supply

Fuel excise extension weighed as states look to supply

Fuel excise extension weighed as states look to supply

The prime minister has left the door open to more tax relief at the bowser as state governments attempt to shore up their own fuel supplies.

Big state fuel buffer to protect against foreign shocks

Big state fuel buffer to protect against foreign shocks

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

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

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

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

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

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

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

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

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

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

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

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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