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The Latest Breaking News from Petrol

Swapping the car for a bike and seeing loved ones less: how the fuel crisis is affecting Australians

We asked Guardian Australia readers how they are affected by surging petrol prices and shortages. Here’s what they told us

The Guardian - AU

Why is UK inflation steady and how will the Iran war affect it?

February’s inflation rate of 3% means if an item cost £100 a year ago, it would now cost £103.

Evening Standard

‘Political Band-Aid’: cutting Australia’s fuel excise could make petrol shortages worse, economists say

Fuel tax cuts also risk adding to inflation by enabling some households with enough income to spend more

The Guardian - AU

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The anatomy of a protest: Why workers across refineries in India are striking work?

For the last four years, around 8 am every morning, including Sundays, thousands of men dressed in navy blue and orange overalls, yellow hard-hats and boots have queued up outside the gates leading to the ‘P-25 Project’ site. Hired by private contractors, they work at an intense pace to construct…

Newslaundry

Europe facing energy shortages by next month as Strait of Hormuz chaos deepens, warns Shell boss

UK drivers have already paid an extra £307m for petrol and diesel since the war in Iran began

The Independent UK

Fuel shortages, price hikes drive rethink on ethanol

Innovative fuel-saving ideas are being tossed up to tackle Australia's shortages as the Iran war throws global oil trade into chaos and prices soar.

AAP

Where to find the cheapest petrol in London - as pump prices keep rising amid Middle East war

Petrol prices in the capital have risen by as much as 10p in six days

Evening Standard

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Iran is the clear winner as Trump’s desperate bid for peace shows he wants out of the war

ANALYSIS: With petrol prices surging at home, the US president wants to extract his country from the war he started, and he may leave Israel in the lurch, writes world affairs editor Sam Kiley

The Independent UK

Iran oil crisis has cost UK drivers £307m in higher fuel costs – analysis

Oil prices have soared to as much as 120 dollars a barrel in response to Iran’s stranglehold on tankers passing through the Strait of Hormuz.

Evening Standard

Seven charts that reveal how unprepared Australia was for the fuel crisis

Disruptions to Middle East oil shipments have rippled along the world’s longest supply chain through Asia – and there’s no knowing when the pressure will ease

The Guardian - AU

UK drivers hit with £307m fuel bill after Trump’s Iran war as diesel price climbs to three-year high

Inflation fears as petrol prices soar – but Reeves says no help yet for millions facing higher energy bills

The Independent UK

New Zealand to provide money to 150,000 families to help with petrol prices

IN FULL

The Independent UK

Drivers do not need to slow down or change how they buy fuel – minister

Michael Shanks insisted British drivers did not need to change their habits, despite suggestions from the International Energy Agency.

Evening Standard

New Zealand to give cash payments to some families as US-Iran war deepens fuel crisis

Just 47 days of combined petrol, diesel and jet fuel stocks left in New Zealand

The Independent UK

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Pedestrian.tv

Uber Prices About To Spike In Certain Sydney Suburbs As Petrol Prices Soar

The price changes will reportedly be permanent, so bad news for Sydney's eastern suburbs and north shore residents.

The Guardian - AU

Petrol prices are rising, but Australians don’t appear to be driving less or taking public transport more – yet

Vehicle numbers on key Sydney and Melbourne roads hold steady, as calls grow for free or cheaper public transport to encourage people to drive less

Pedestrian.tv

Influencer Georgie Stevenson Responds To Backlash Over ‘Tone-Deaf’ Post About Petrol Prices

The wellness influencer was told to “read the room” after a post about soaring petrol prices.

AAP

Unions urge five per cent pay rise as inflation bites

Employer groups warn a pay rise above inflation for minimum wage earners would only tip more fuel onto the fire as rising petrol prices worry the Reserve Bank.

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AAP

Fuel theft and aggression spikes at petrol stations

Service station operators are reporting a rise in fuel theft and customer anger as the cost of fuel continues to climb.

Evening Standard

Irish Government to cut excise duty on petrol and diesel amid high energy prices

A diesel rebate scheme for hauliers and bus operators is also expected, which will be backdated.

The Conversation

How reducing ‘just in case’ purchases can help avoid empty shelves and fuel bowsers

If you’ve topped up your tank at a petrol station recently, did it feel like you were “panic buying”? Or did it feel more like “I’d better buy some, just in case”?

AAP

Diesel standards eased as fuel shortages deepen

Measures to help more diesel flow into the domestic market have been announced as hundreds of service stations across Australia run dry.

The Independent UK

Petrol and diesel prices hit new highs as Iran war takes its toll

IN FULL

International Business Times UK

Trump Promised Bigger Tax Refunds—But Rising Gas Prices Could Cancel Them Out

Explore how rising fuel costs are offsetting the benefits of larger tax refunds in the US, impacting household spending and economic growth.

The Guardian - UK

Europe’s ‘staggering’ clean power gains undermined by failure to phase out fuel-burning machines

The EU’s reluctance to replace petrol cars and gas boilers keep it hooked on foreign fuels, say industry groups

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