Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - AU
The Guardian - AU
National
Luca Ittimani

Diesel prices across Australia could surge beyond $3 a litre as Trump eyes cut to US fuel exports

Diesel trucks at a petrol station
Diesel prices in Australia are on the rise and may surge if Donald Trump moves to protect US fuel prices ahead of the midterm elections. Photograph: George Chan/Getty Images

Australian diesel prices could surge above $3 a litre if Donald Trump cuts off US diesel exports amid floundering negotiations with Iran.

Fuel costs have risen to levels not seen since early April, adding to inflation risks and making another hike in interest rates all but certain.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.