The Latest Breaking News from Petrol

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 Guardian - AU · Mar 12

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.

The Conversation · Mar 12

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.

AAP · Mar 12

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 · Mar 11

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 Conversation · Mar 10

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 Guardian - UK · Mar 10

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

The Independent UK · Mar 10

How are EU and member states reacting to energy crisis triggered by Iran war?

Prospect of Trump easing US sanctions on Russian oil is a nightmare for the bloc as nations work out how to respond

The Guardian - UK · Mar 10

Pakistan switches to 4-day week and sends children home from school to preserve fuel

PM announces austerity measures including a four-day work-week for public offices and ban on iftar parties during Ramadan

The Independent UK · Mar 10

Nigel Farage vows to reverse fuel duty increase in Reform petrol station stunt

The party said it would slash net zero initiatives to save £13 billion a year.

Evening Standard · Mar 10