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The Latest Breaking News from Petrol

Expanding Middle East war to loom over domestic economy

Petrol prices have already surged following conflict in the Middle East, raising the possibility of a hike in inflation.

AAP

'If They Rise, They Rise' — Trump Shrugs Off Surging Pump Prices as Qatar's Energy Minister Warns Oil Could Hit $150 a Barrel

As the US-Iran conflict intensifies, oil prices are skyrocketing, with potential global economic impacts. Discover how the Strait of Hormuz tensions are affecting energy markets.

International Business Times UK

Iran conflict threatens new UK cost of living crisis as energy markets in ‘turmoil’ and mortgage rates on the rise

Oil prices have seen their biggest weekly increase in six years, while experts warn energy bills could rise by 10 per cent in July

The Independent UK

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Police Told Kelly Wilkinson to 'Cool Off' When She Asked for Help, Days Later Her Ex-Husband Burned Her Alive

An inquest into Kelly Wilkinson's death hears claims police turned her away four days before her estranged husband burned her in a brutal petrol attack.

International Business Times UK

Man who murdered former partner’s sister and children in house fire jailed for life

Sharaz Ali was jailed after setting fire to the home of Bryonie Gawith and her three small children in the early hours of August 21 2024

The Independent UK

Man who killed his ex’s sister and her children in fire given whole-life order

Sharaz Ali ‘wanted to inflict maximum pain’ when he set fire to the home of Bryonie Gawith and her three small children.

Evening Standard

Pakistan left with 26 days of fuel, may impose work-from-home as Strait of Hormuz crisis deepens

Pakistan is implementing major measures to ensure fuel stability amid trade slowdown due to the Strait of Hormuz closure. Proposals include weekly price revisions, compensation for increased oil company costs, and fuel conservation. The country is exploring alternative import routes and has substantial existing fuel stocks.

The Times of India

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White House In Crisis Mode As Gas Prices Surge, Iran War Widens And Americans Left Stranded Overseas

The escalating conflict with Iran is causing global oil shocks, diplomatic crises, and economic disruptions, affecting energy markets and American citizens abroad.

International Business Times UK

Tax cut could help more drivers dodge petrol price hike

More Australians could turn to electric vehicles to avoid rising fuel costs if governments keep tax cuts for their purchase and consider new incentives.

AAP

How the Iran war will hurt you in the pocket as costs soar

Petrol, heating, and grocery bills could all take a hit as the conflict shows no sign of slowing

Evening Standard

French officials meet fuel suppliers as Iran conflict lifts oil prices

French finance chiefs on Thursday moved to calm fears of a sharp rise in fuel prices as fighting between Israel and Iran in the Middle East entered a sixth day and global oil prices climbed.

Radio France Internationale

Australian petrol retailers accused of price gouging over rising fuel costs amid Iran war

Motoring groups accuse retailers of using conflict as an excuse to lift prices as Jim Chalmers asks ACCC to keep watch

The Guardian - AU

Petrol prices too high? Here’s how quickly an EV could save you money

Petrol prices began rising even before the conflict in Iran drove oil prices higher. Australia imports around 80% of its fuel, which means prices can spike when geopolitical shocks ripple through supply chains.

The Conversation

'Unjustifiable': Petrol stations warned on price hikes

Service stations are being warned not to take advantage of the Iran war by hiking up the price of fuel, over concerns motorists will be taken for "mugs".

AAP

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The Guardian - UK

From petrol to groceries: how Middle East crisis is driving up prices

Global supply chains are disrupted and prices are rising across sectors amid warnings worse is to come if conflict persists

The Guardian - AU

Labor says Australia won’t run out of fuel due to the Iran conflict. So how much do we have and how long will it last?

The amount of crude oil being refined locally has dwindled in recent years – but officials say Australia’s strategic reserve means there’s no need to worry

AAP

Post-strike petrol hikes 'completely unjustifiable'

Petrol prices are on the rise across Sydney and Melbourne after the military strikes on Iran, but the NRMA says the increases can't be justified.

AAP

Car sales slow down but electric vehicles charge ahead

Electric vehicles have broken sales records in Australia even as the larger automotive market stalled, with sales of petrol and hybrid models falling.

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news in one place.

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The Independent UK

UK drivers issued warning over panic buying fuel amid Middle East conflict

Oil prices have already increased as the regional war entered its fourth day

Evening Standard

No excuse for price rises at petrol pumps, says Micheal Martin

The Irish premier said he did not want to see ‘price gouging’ because of the escalating conflict in the Middle East.

The Guardian - AU

Chris Bowen urges motorists not to panic-buy petrol as oil prices jump amid Iran conflict

Energy minister says ‘there is no need to rush to the service station and fill up’ as treasurer urges consumer watchdog to monitor for price gouging

AAP

No pain at the pump: petrol companies warned on gouging

Petrol stations will be closely watched for signs of price gouging after military tensions exploded in the Middle East.

Evening Standard

Fuel prices expected to rise because of Iran conflict

Disruption to tanker traffic in the Middle East has sparked a rise in oil prices, which have a significant effect on wholesale fuel prices.

Evening Standard

Don't panic buy petrol, Londoners urged as Iran war escalates with more airstrikes

The cost of oil spiralled on global markets amid the crisis in the Middle East

International Business Times

Oil Companies Warned Against Raising Petrol Prices Amid Middle East Conflict

A spokesperson from the NRMA has said that Australian drivers should not panic over the possibility that petrol prices will rise significantly.

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