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The Latest Breaking News from Petrol

Why is petrol more expensive in Germany than most places in the EU?

Germany has been hit particularly hard by rising petrol prices compared to the rest of the EU. A task force set up by the German government aims to counteract this while exposing the oil companies' profit scam.

Euronews

Iran oil crisis: why NZ’s car dependence is now a strategic liability

The war in Iran and the effective closure of the Strait of Hormuz have sent oil prices past US$100 a barrel – and Kiwis flocking to fill up. Petrol just hit NZ$3 a litre and some stations have reported running dry.

The Conversation

Diesel on ‘crash course’ to 170p a litre while petrol up 10p on pre-Iran war

The RAC said prices at the pump were ‘really starting to hurt drivers’ as they continue to rise amid the conflict in the Middle East.

Evening Standard

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Australian households fear double whammy of rate hikes and higher petrol prices will lead to recession

Borrowers face losing hundreds of dollars a month in higher repayments and rising pump rices will add to the pain, economists warn

The Guardian - AU

Nigel Farage to pay annual energy bill for entire UK street in controversial Reform giveaway

Reform’s Treasury spokesman Robert Jenrick said the public could enter the contest on a website where the party has set out its plans to cut fuel payments

Evening Standard

Mortgage bills soar by £1,100 in London in just two weeks as Trump's Iran war rocks UK economy

‘War in the Middle East is hammering Londoners looking to buy or remortgage,’ says Adam French, head of consumer finance at Moneyfacts

Evening Standard

‘Cushion the shock’: IEA releases 10 quick fuel-saving tips – many countries are already doing them

"Today’s report provides immediate and concrete measures... to shelter consumers from the impacts of this crisis," says IEA Executive Director Fatih Birol.

Euronews

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Chris Bowen declares rush on jerry cans ‘un-Australian’ as he urges end to panic buying of petrol

Energy minister says country’s fuel supply has yet to be affected by war after meeting with suppliers and retailers

The Guardian - AU

‘If we have to change tack, we will’: RBA hikes rates but not aiming to put Australia into recession, Bullock says

Reserve Bank of Australia’s second consecutive increase lifts cash rate target to 4.1%, back to where it was in February last year

The Guardian - AU

Fuel pump panic continues in many areas

Queues again formed at petrol stations on Monday as drivers rushed to fill up their tanks and many pumps posting out-of-stock signs, amid the supply disruption caused by the war in the Middle East.

Bangkok Post

Interactive map shows London's cheapest and most expensive petrol prices as unleaded soars by 10p

One garage in Chelsea is selling unleaded for 253.9p per litre, while motorists in Ruislip can fill up for just 121p per litre

Evening Standard

Central bank increases cash rate amid global energy shock – as it happened

This blog is now closed

The Guardian - AU

Aussie drivers divided over petrol vs electric future

Many Australian motorists plan to park an electric or hybrid vehicle in their garage in future but one policy change could alter their path.

AAP

'Permanent High Point': Did Fuel Stations Overcharge Australians Amid Middle East Conflict?

The NRMA has accused some fuel stations of jacking up prices during the Middle East conflict and warned that record-high fuel costs in Sydney, Melbourne and Brisbane may now represent a 'permanent high point'.

International Business Times UK

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The Independent UK

There’s never been a better time to switch to an EV – just ask this reformed petrolhead

DRIVESMART: With fuel costs climbing, electric vehicles editor Steve Fowler – a former petrolhead – shares why now is the perfect time to consider the switch from petrol to electric

The Guardian - AU

Replacing 1m petrol cars with EVs could cut Australia’s reliance on foreign fuel by 1bn litres a year

Electric vehicles reduce exposure to global oil price shocks and shift energy consumption to electricity largely produced domestically, expert says

Evening Standard

Fuel price surge continues as diesel reaches 160.3p per litre

Diesel is at its most expensive level since November 2023.

The Independent UK

Average petrol station fuel price revealed as diesel reaches 160.3p per litre

The escalating conflict has driven global oil prices

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The Times of India

Global oil hits $105 per barrel: Could UAE petrol prices jump to Dh3.80–Dh4 per litre in April?

Global oil prices have surged past $100 per barrel due to escalating Middle East tensions, particularly concerning the Strait of Hormuz. This volatility directly impacts fuel costs for UAE residents, with prices expected to rise if crude remains high. Other GCC nations also face potential price adjustments, though subsidies offer…

The Guardian - AU

Dozens of petrol stations around Australia run out of fuel as panic-buying continues

NRMA says record-high fuel may be here to stay in Sydney, Melbourne and Brisbane after prices soared early in the Middle East conflict

Evening Standard

Trump's war in Iran means day to day life will become tougher for all of us

British families face higher petrol prices, higher utility prices and higher borrowing costs.

AAP

Fuel tax cut urged to avoid fruit 'rotting on trees'

As some country towns face major petrol shortages, pressure is mounting on the federal government to intervene to bring down fuel prices.

The Guardian - AU

BoM forecasts high chance of cyclone forming in Coral Sea – as it happened

This blog is now closed

The Conversation

Electric vehicles could soon be cheaper than petrol cars in Africa – if financing barriers fall

The cost of electric vehicles (EVs) has long looked like a barrier to adoption in Africa. Most researchers didn’t expect battery power to become affordable enough to replace petrol or diesel on the continent before 2040.

AAP

Motoring group puts brakes on city fuel ration push

As concerns rise over the cost to the economy of rising fuel prices, a key motoring body warns against a proposal to quarantine petrol and diesel for regions.

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