The Latest Breaking News from Petrol

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 · Apr 16

‘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 · Apr 16

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 · Apr 16

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 Guardian - AU · Apr 14

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 · Apr 14

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

The Independent UK · Apr 14

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.

Evening Standard · Apr 14

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 Conversation · Apr 14

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

The Guardian - UK · Apr 13

Germany cuts fuel tax as oil prices surge on Iran blockade

Following tense exchanges between Economics Minister Reiche and Finance Minister Lars Klingbeil, the government held talks over the weekend. Will the coalition succeed in easing the burden on citizens, or will it collapse?

Euronews · Apr 13