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The Latest Breaking News from Petrol

Is The Iran War Raising Gas Prices? Here's Why Donald Trump Calls The $3.58 Average A 'Glitch'

Trump calls rising US petrol prices from the Iran conflict a "glitch," as economists warn oil shocks could fuel inflation and carry serious political costs.

International Business Times UK

Voices: Readers clash over the reality of owning an EV – from ‘never a problem’ to ‘15-hour nightmare drives’

YOUR VIEWS: Our community is split on why drivers are reluctant to switch to electric vehicles, after a YouGov survey found widespread confusion about EVs – with some readers praising their low running costs while others say high prices, patchy charging infrastructure and practical headaches are putting them off

The Independent UK

Trump Under Fire as He Claims High Oil Prices Benefit America as Drivers Face Billions More in Gas Costs

Donald Trump claims rising oil prices benefit America even as drivers face billions more in fuel costs, sparking outrage and confusion.

International Business Times UK

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Ministers warn they will not accept wartime profiteering as crackdown on ‘rip-off’ fuel prices launched

Rachel Reeves has asked the competition watchdog to stay on ‘high alert’ for ‘unjustifiable’ price hikes

Evening Standard

It’s not hoarding: farmers need to buy huge amounts of diesel to keep our food secure

Over recent weeks, Australian drivers have watched as petrol and diesel prices have soared, raising concerns about wider price shocks to come.

The Conversation

Australia to release nearly 20% of fuel stockpile as Bowen insists country ‘nowhere near’ running out

Energy minister cuts fuel companies’ minimum stock obligations to free up diesel and petrol, which will be directed to regional Australia

The Guardian - AU

Oil, petrol, gasoline: a chemical engineer explains how crude turns into fuel

As the US–Israel war on Iran escalates, so too does the global oil crisis.

The Conversation

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Evri lockers coming to 30 Tesco stores - here’s where to find them

Locker group Evri is expanding its network further with two new partnerships at Tesco and Motor Fuel Group, the petrol station operator.

The Independent UK

Rachel Reeves asks watchdog to ‘crack down’ on fuel ‘rip-offs’ amid Iran war

The Chancellor and Energy Secretary Ed Miliband will hold a meeting at Downing Street with petrol retailers and energy suppliers.

Evening Standard

Reeves and Miliband to demand answers from energy and fuel bosses over rip-off price rises

The chancellor and energy secretary to meet energy bosses to warn against profiteering amid soaring oil prices

The Independent UK

Watchdog confirms it is looking into petrol prices amid allegations of ‘gouging’ after US-Iran war

The authority warned in December that retailers’ fuel margins remained ‘persistently high’

The Independent UK

'We'll make a lot of money,' says Trump as oil price jumps leaving millions facing higher energy, petrol and food bills

‘The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,’ says the US president

Evening Standard

Why Petrol Prices Haven’t Risen Despite $100 Oil

Fuel prices influence nearly every part of daily life. From daily commuting to the cost of groceries and transportation, even a small change at the petrol pump can affect the entire economy. Recently, global oil markets witnessed a dramatic shift as crude oil prices surged close to $100 per barrel,…

MyLifeXP

TotalEnergies caps petrol and diesel prices at French service stations

French energy giant TotalEnergies announced on Thursday it will cap petrol and diesel prices at its service stations in mainland France for the next three weeks, as oil prices surge amid the conflict in the Middle East.

Radio France Internationale

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The Guardian - AU

Australia relaxes petrol standards for 60 days as NSW premier warns of fuel shortage at hospitals

Chris Minns says ‘no need for panic buying’ as state government considers emergency supplies and impact on critical services

The Conversation

Nations will release an extra 400 million barrels of oil to the market. All we need to do now is not panic at the pump

Despite being one of the world’s top exporters of fossil fuels (coal and gas), Australia has little left of its own oil. Neither does New Zealand.

AAP

Fuel supply boosted as oil price threatens record highs

The government has temporarily lowered Australia's fuel quality standards to boost supplies as the war in the Middle East disrupts global markets.

Pedestrian.tv

Australian Petrol Prices Set To Skyrocket After Strikes In Strait Of Hormuz

Australians are being warned to brace for higher petrol prices as attacks on ships in the Strait of Hormuz choke global oil supplies.

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Evening Standard

London's most expensive petrol: Garage selling 253.9p-per-litre unleaded as prices soar amid Iran war

Motorists hit with steepest fuel price increases since Russia’s invasion of Ukraine

The Guardian - UK

Swiss bus fire that killed six caused by ‘disturbed’ man setting himself alight, prosecutor says

Man in his 60s from Berne area had been reported missing before incident, say authorities in Fribourg canton

The Guardian - AU

Australians hit by soaring petrol prices now face expected blow of interest rate rise

Economists predict RBA board will hike cash rate to 4.1% next week as inflation climbs and energy costs surge

The Conversation

Panic buying just makes shortages worse. Why do people do it anyway?

Have you visited a petrol station recently? You might have been in for a shock – and not just because the price on display was probably over A$2 a litre.

The Conversation

Amid a surge in energy prices, a windfall tax on gas profits could be the best way to protect households

The war in Iran has once again exposed how vulnerable the world’s energy markets are to geopolitical disruption. In wild swings, benchmark crude oil prices spiked as high as US$120 per barrel, roughly 50% higher than before the conflict, before sliding below $100.

The Guardian - UK

Farage delivers energy sermon at the pump – just don’t mention the war

Reform leader’s Derbyshire petrol station stunt grinds to halt when questions on Iran leave him short-tempered

The Independent UK

From energy bills to petrol and groceries: How the Iran-US war could affect cost of living in the UK

The impacts of the conflict have been compared to Russia’s war on Ukraine, which pushed prices up for British households

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