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The Latest Breaking News from Petrol

Fuel pump prices to ease amid shipping breakthrough

Australians can expect petrol prices to fall further in coming weeks as oil prices ease, although volatility is expected to continue for months.

AAP

Australia ‘prepared to provide assistance’ in the strait of Hormuz, PM says, as ‘fragile’ opening expected to ease fuel prices

Anthony Albanese was in meeting of 49 countries to discuss key shipping route when news broke that Iran was reopening strait

The Guardian - AU

New electric vehicles are now cheaper than petrol cars for first time

New electric vehicles (EVs) are now cheaper to purchase than petrol models for the first time, according to analysis by online vehicle marketplace Autotrader. The average price of a new electric car is £42,620, which is £785 less than a new petrol car, priced at £43,405. This price difference is…

The Independent UK

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Average new UK electric car price is now lower than petrol vehicles

Autotrader says average EV cost is £785 cheaper, in an important milestone in the move away from fossil fuels

The Guardian - UK

UK fuel prices finally drop for first time since start of Iran war

The drop in petrol prices offers ‘relief for drivers’ after 46 consecutive days of rising costs

The Independent UK

Men arrested for allegedly stealing 1000 litres of fuel

Two men accused of pinching 1000 litres of petrol have been arrested and charged as fuel prices remain sky high.

AAP

Fuel prices fall despite Geelong refinery blaze as Albanese says facility production has slipped by 40%

Prime minister says Corio refinery fire will not push Australia into stage 3 restrictions, despite reduced production of petrol, diesel and aviation fuel

The Guardian - AU

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Trump Dismisses High Fuel Costs: 'Everything Is Doing Really Well' Despite $4 Petrol Price

President Trump downplays high fuel costs, emphasizing economic resilience and geopolitical priorities, despite ongoing financial pressures on American households.

International Business Times UK

Karoline Leavitt Claimed Gas Prices Are Down Under Trump While Americans Are Paying Nearly a Dollar More at the Pump

Karoline Leavitt's claim of falling gas prices is contradicted by AAA data showing a rise since Operation Epic Fury began, as Treasury Secretary Bessent defends the administration.

International Business Times UK

Judgment reserved after trial of three men accused of murdering Lyra McKee

The non-jury trial of the trio started at Belfast Crown Court almost two years ago.

Evening Standard

Gas Prices May Not Hit $3 Until September, Treasury Chief Bessent Warns He's 'Watching' Gas Stations

Treasury Secretary Scott Bessent says $3 gas could arrive between June and September, warning the Trump administration plans to monitor gas stations. Stay updated on energy costs and petrol prices.

International Business Times UK

Afternoon Update: Victorian fuel price fears after refinery blaze; One Nation’s SA seat recount; and how to breathe

Petrol production affected at Viva plant in Corio as mayor calls blaze ‘unprecedented’

The Guardian - AU

What does the Geelong refinery fire reveal about Australia’s fuel supplies?

Late on Wednesday, Victorian firefighters were called to a large fire at Viva Energy Group’s oil refinery in Corio, a suburb of Geelong. The blaze is believed to have been an equipment failure. Thankfully, no-one was injured.

The Conversation

‘Unprecedented’ fire at Australian oil refinery threatens already dwindling petrol supplies

Supplying around half of Victoria’s fuel and 10 per cent nationally, the refinery processes about 120,000 barrels of oil per day

The Independent UK

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The Guardian - AU

Albanese cuts fuel diplomacy mission short to rush to Geelong as Bowen calls oil refinery fire ‘a setback’

Some petrol stations may see short-term outages and energy experts warn Victorian fuel prices could spike up to 20 cents a litre

The Guardian - AU

Geelong oil refinery fire: what we know so far

Viva Energy oil refinery at Corio, one of just two remaining in Australia, supplies about 50% of Victoria’s fuel and 10% of the whole country’s

AAP

Fresh fuel supply fears hosed down after refinery blaze

Australia will lean more heavily on fuel imports after a fire caused by a suspected gas leak ripped through one of the nation's two oil refineries.

Evening Standard

Two suspects arrested as London synagogue targeted with petrol bombs in 'shocking' attack

Met detectives are treating the attack on Finchley Reform Synagogue as an antisemitic hate crime

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news in one place.

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Radio France Internationale

Petrol stations reject French government plan to cap profit margins on fuel

Fuel distributors in France are strongly opposed to a government decree that aims to cap their profit margins as the war in the Middle East continues to drive up prices. Leading retailers warn the measure is hasty and unlikely to bring consumers much relief.

The Guardian - AU

Dinner for few: Australians eating out less as fuel crisis deals biggest blow to consumer confidence since Covid

Experts say ‘cautious consumption’ shows households bracing for return to extended period of financial pressure experienced during early pandemic years

The Independent UK

RAC reveals when fuel prices could ‘begin to come down’ after 43 days of increases

Average pump prices at UK forecourts on Tuesday were up a fraction of a penny from Monday

The Independent UK

Drivers look to electric vehicles as cost of petrol soars due to Iran war

Petrol is almost £14 more expensive for a full tank compared to before the Iran war, while a full tank of diesel is almost £27 more

Evening Standard

Rachel Reeves ‘betraying’ drivers by not halving VAT on fuel – Robert Jenrick

Reform UK is calling on the Government to ‘lighten the load’ for drivers.

The Conversation

Victoria has made public transport free – NSW hasn’t. Has there been any difference in uptake?

The recent military conflict in the Middle East triggered a sharp increase in petrol prices throughout March, with the federal government’s subsequent excise cut providing only partial relief.

The Guardian - UK

US starts naval blockade of Iranian ports after deadline passes

Iran warns Americans they face higher pump prices due to prohibition imposed on Monday evening

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