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AAP

Business

Poppy Johnston

Petrol price surge further stretches household budgets

Petrol Shane Oliver Reserve Bank Oil Chris Ford Inflation Vivek Dhar Australian Dollar

Supply cuts by oil producers are having an impact on petrol prices, potentially boosting inflation. (Flavio Brancaleone/AAP PHOTOS)

Motorists are forking out well over $2 a litre for fuel in parts of the country because of spiking oil prices and a weakening Australian dollar.

In some parts of the nation, petrol prices have overtaken the highs of last year after the conflict in Ukraine sent prices soaring.

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Top stories on inkl right now

FL Declares Emergency in 25 Counties as Gulf Depression Could Become Season's First Hurricane, Residents Warned

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A measles case in Fergus County, Montana, prompted alerts for an Amtrak stop in Malta and a Moore business as North Dakota warns train riders.

Medical Daily

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

‘Not exactly his favorite senator’: Susan Collins distances herself from Trump in Maine debate

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