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The Latest Breaking News from Petrol

Morning Mail: Trump renews threats to Iran, big cyclone about to make third landfall, trans Olympic ban

US president implores Tehran to negotiate as Labor tries to fix ‘biggest ever energy crisis’; trans women will not be able to compete in female events in LA

The Guardian - AU

Could this energy crisis be worse for the global economy than COVID?

Despite reports of negotiations between the US and the Iranian regime, the Strait of Hormuz remains effectively closed to most oil tankers, with only a small number of vessels being allowed to pass. The result is a loss of roughly 11 million barrels per day (mbd) of oil and petroleum…

The Conversation

Drivers urged to nab 'undersold fuel' as costs spike

Data on fuel has revealed which capital cities are offering the cheapest and most expensive prices as motorists are urged to use an "undersold" option.

AAP

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‘Not going anywhere’: fuel supply fears and soaring pump prices put a brake on the great Australian Easter road trip

Travel feels ‘quite wasteful’, says a Sydney mother whose family has shelved their school holiday plans amid the energy shock from the Middle East conflict

The Guardian - AU

Cost of Trump’s war: From energy bills to UK interest rates, how Middle East conflict is hitting Britons

Chancellor warns UK households face ‘significant’ economic challenges as US and Israel’s war against Iran sends global financial markets and energy prices spiralling

The Independent UK

Fuel prices jump Thursday morning

Retail petrol and diesel prices rose by six baht per litre on Thursday morning.

Bangkok Post

Rising profit margins turbocharged Australia’s latest inflation figures – but something worse is just around the corner

Fuel supply shock from Iran – not too many wage rises – will be the driver of higher figures in June

The Guardian - AU

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This is how the 1970s oil shock played out. There are lessons for the economy today

On October 6 1973, the Yom Kippur War – mainly involving Egypt, Syria and Israel –triggered one of the biggest energy crises of the 20th century. Eleven days later, several Arab members of the Organization of the Petroleum Exporting Countries (OPEC) announced they would stop selling oil to countries supporting…

The Conversation

Shock at the petrol pump sparks electric vehicle surge

Enquiries about new and second-hand electric cars are setting records as motorists look for ways to avoid the rising price of petrol and diesel.

AAP

Renault 5 jumps to top of EV sales chart as electric car interest soars

Sharp growth in EV interest reported, with Renault boss saying the fuel crisis has kickstarted a new EV craze

The Independent UK

UK drivers: are fuel price increases making you cut back?

We’d like to speak to people in the UK who are cutting back on fuel use after the increase in petrol and diesel prices linked to the war in Iran

The Guardian - UK

‘Crazy not to’: soaring fuel prices send more Australians into U-turn towards electric cars

Sales of EVs and hybrids have increased in Australia ever since the US-Israel war on Iran sent oil prices soaring and raised the prospect that fuel could be rationed

The Guardian - AU

Swapping the car for a bike and seeing loved ones less: how the fuel crisis is affecting Australians

We asked Guardian Australia readers how they are affected by surging petrol prices and shortages. Here’s what they told us

The Guardian - AU

Why is UK inflation steady and how will the Iran war affect it?

February’s inflation rate of 3% means if an item cost £100 a year ago, it would now cost £103.

Evening Standard

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The Guardian - AU

‘Political Band-Aid’: cutting Australia’s fuel excise could make petrol shortages worse, economists say

Fuel tax cuts also risk adding to inflation by enabling some households with enough income to spend more

Newslaundry

The anatomy of a protest: Why workers across refineries in India are striking work?

For the last four years, around 8 am every morning, including Sundays, thousands of men dressed in navy blue and orange overalls, yellow hard-hats and boots have queued up outside the gates leading to the ‘P-25 Project’ site. Hired by private contractors, they work at an intense pace to construct…

The Independent UK

Europe facing energy shortages by next month as Strait of Hormuz chaos deepens, warns Shell boss

UK drivers have already paid an extra £307m for petrol and diesel since the war in Iran began

AAP

Fuel shortages, price hikes drive rethink on ethanol

Innovative fuel-saving ideas are being tossed up to tackle Australia's shortages as the Iran war throws global oil trade into chaos and prices soar.

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news in one place.

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Evening Standard

Where to find the cheapest petrol in London - as pump prices keep rising amid Middle East war

Petrol prices in the capital have risen by as much as 10p in six days

The Independent UK

Iran is the clear winner as Trump’s desperate bid for peace shows he wants out of the war

ANALYSIS: With petrol prices surging at home, the US president wants to extract his country from the war he started, and he may leave Israel in the lurch, writes world affairs editor Sam Kiley

Evening Standard

Iran oil crisis has cost UK drivers £307m in higher fuel costs – analysis

Oil prices have soared to as much as 120 dollars a barrel in response to Iran’s stranglehold on tankers passing through the Strait of Hormuz.

The Guardian - AU

Seven charts that reveal how unprepared Australia was for the fuel crisis

Disruptions to Middle East oil shipments have rippled along the world’s longest supply chain through Asia – and there’s no knowing when the pressure will ease

The Independent UK

UK drivers hit with £307m fuel bill after Trump’s Iran war as diesel price climbs to three-year high

Inflation fears as petrol prices soar – but Reeves says no help yet for millions facing higher energy bills

The Independent UK

New Zealand to provide money to 150,000 families to help with petrol prices

IN FULL

Evening Standard

Drivers do not need to slow down or change how they buy fuel – minister

Michael Shanks insisted British drivers did not need to change their habits, despite suggestions from the International Energy Agency.

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