Articles about Australia Fuel

How much fuel does Australia have left today, and when could we run out? Check how much petrol and diesel prices have risen near you in Sydney, Melbourne and across the country since the US and Israel’s war on Iran began in late FebruaryGet our breaking news email, free app or daily news podcastHundreds of service stations across Australia have run empty, fuel prices are elevated and oil shipments have been cancelled.Australia is battling a fuel crisis as Iran’s closure of the strait of Hormuz continues to bite. The federal government has released fuel reserves, cut fuel excise taxes and rolled out a national fuel security plan. Continue reading...

Federal government chases supply guarantees from countries including Singapore, South Korea, Malaysia and Japan amid Iran warGet our breaking news email, free app or daily news podcastAsian trading partners have reassured Australia that the “normal supply” of fuel will continue amid the Middle East conflict, as the government prepares to intensify efforts to avert shortages of petrol and diesel.The federal government has been chasing supply guarantees from countries including Singapore, South Korea, Malaysia and Japan as the Iran war and closure of the strait of Hormuz wreaks havoc on the global oil market. Continue reading...

Opposition leader calls for the prime minister to give more details about the fuel crisisGet our breaking news email, free app or daily news podcastGood morning and welcome to our live news blog. I’m Martin Farrer with the best of the breaking stories before Natasha May takes the helm.Anthony Albanese used a rare address to the nation to attempt to allay public fears over dwindling fuel supplies, vowing to keep petrol prices down by shoring up international supplies and ramping up local production. Continue reading...

Track the latest data on fuel prices, outages and oil tanker deliveriesFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastHundreds of service stations across Australia have run empty, fuel prices are elevated and oil shipments have been cancelled.Australia is battling a fuel crises as Iran’s closure of the strait of Hormuz continues to bite. The federal government has released fuel reserves, cut fuel excise taxes and rolled out a national fuel security plan. Continue reading...

Adelaide has the biggest price decline, with unleaded down 24.9 cents and diesel down 21.3 centsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastFuel prices have started falling immediately across Australia in the wake of the government’s fuel excise cut, unexpectedly accelerating the delivery of the Albanese government’s cost-of-living relief.Prices in capital cities paused then plummeted on Wednesday, after the prime minister announced the tax on petrol and diesel would be halved to 26.3 cents a litre. Continue reading...

Trans and gender-diverse people experience ‘significant and preventable barriers to their safety and dignity’, report findsGet our breaking news email, free app or daily news podcastThe sex discrimination commissioner says there has been a concerted disinformation campaign against transgender rights since Australia’s postal survey on same-sex marriage.The Australian Human Rights Commission released a report on Tuesday – coinciding with international trans day of visibility – finding that trans and gender-diverse people experience “significant and preventable barriers to their safety, dignity and full participation in society” spanning healthcare, housing, education, employment and public life. Continue reading...

Exclusive: Capital gains tax discount and negative gearing rules created ‘extra artificial incentive’ for property speculation, the e61 Institute has foundGet our breaking news email, free app or daily news podcastThe combination of the capital gains tax discount and negative gearing rules has turbocharged debt-fuelled property speculation over recent decades, according to a new analysis of hundreds of thousands of property investments.The federal budget in three weeks’ time is widely expected to include changes to tax breaks for investors, in an effort to rebalance the tax system away from the wealthiest Australians and to take pressure off home prices. Continue reading...

Flow-on effect will depend on how quickly service stations sell more expensive fuel, experts warn, leaving Easter travel plans up in the airGet our breaking news email, free app or daily news podcastAustralians expecting relief from punishing fuel prices in time for Easter travel are set to be disappointed, with the industry predicting the effects of Labor temporarily halving the excise will take days or weeks to reach some bowsers around the country.The halving of the fuel excise, which begins on Wednesday and lasts until the end of June, means the federal government will now collect 26.3c from every litre over the next three months instead of 52.6c a litre. Continue reading...

South Korea’s transport ministry says domestic airlines have asked authorities to redirect export-bound jet fuel back to the local market amid a supply crunch• Get our breaking news email, free app or daily news podcastSouth Korean airlines have asked their government to help redirect jet fuel exports to the domestic market, threatening half of Australia’s imports of the critical fuel after Chinese authorities earlier this month flagged export restrictions.Amid deepening concerns across Asia about the impact of the escalating Middle East conflict, an official at South Korea’s transport ministry told the Guardian that “some domestic carriers” had asked authorities to redirect export-bound jet fuel back to the local market due to supply concerns. Continue reading...

Move comes five days after Jim Chalmers said Labor was not considering cutting the fuel exciseAnthony Albanese has slashed the fuel excise in half in a move which will save motorists 26 cents a litre, and is encouraging people to take public transport where they can, as the national cabinet announces a plan to manage the petrol crisis.Following a meeting of state and federal leaders on Monday, leaders also agreed to reduce the heavy vehicle road user charge to zero for three months, in a bid to support truck drivers. Continue reading...

More assistance to businesses amid ballooning petrol prices expected to be discussed as prime minister and premiers meet. Follow updates liveGet our breaking news email, free app or daily news podcastGood morning, Krishani Dhanji with you here for the final sitting week of the month, and the final sitting week before the budget.The prime minister will convene the national cabinet again today, the second since the US and Israeli strikes on Iran. And this morning the government will introduce legislation to underwrite fuel supplies into Australia. Continue reading...

Albanese announces forthcoming legislation to guarantee private sector purchases of fuel and fertiliserThe Australian government will take on the financial risk of importing essential products affected by the war in the Middle East to get additional supplies of petrol, diesel, and fertiliser into the country.The prime minister, Anthony Albanese, announced the new fuel security powers on Saturday after a month of soaring diesel and petrol prices and widespread shortages at service stations, particularly in regional Australia. Continue reading...

Unions and farmers call for government intervention as agriculture, construction and waste industries also at risk from higher pricesGet our breaking news email, free app or daily news podcastCare workers, tradespeople and transport drivers are being hit hard by ballooning fuel costs, with some industry groups urging the government to roll out assistance packages or even a jobkeeper-style wage assistance program to help businesses avoid laying off staff.Reports of small mining businesses scaling back operations and some construction companies deciding against hiring more apprentices have prompted suggestions the government should step in to help, with the Master Builders Association already forecasting a downturn in the number of homes that will be built this year. Continue reading...

Electric buses are just 1% of the Australian fleet compared with 80% in urban China, a quarter in the Netherlands and 12% in the UKFollow our Australia news live blog for latest updatesSign up for climate and environment editor Adam Morton’s free Clear Air newsletter hereAs diesel climbs past $3 a litre amid fuel security concerns, transport advocates are calling for the rollout of electric buses across Australia to be prioritised.In Australia, just 1% of buses are electric, compared with 80% of the urban fleet in China, a quarter in the Netherlands and 12% in the UK. Continue reading...

Rising inflation and unemployment mean effects of Iran war could be even worse than the post-Covid cost-of-living crisisGet our breaking news email, free app or daily news podcastAs diesel prices make history by passing $3 a litre in nearly every capital city around the country, the stresses of high fuel costs are beginning to show.Truckies are warning they will go out of business if they can’t renegotiate their contracts with customers; farmers are warning the same, telling families that food in our supermarkets could soon cost more. Continue reading...

Fuel tax cuts also risk adding to inflation by enabling some households with enough income to spend moreFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastFuel excise cuts would be a “political band-aid” that could worsen petrol shortages and add to inflation, economists have warned.The mining billionaire Gina Rinehart, Tasmania’s state premier and Liberal opposition leaders in New South Wales and Victoria have called for the Albanese government to cut the excise on petrol and diesel. Continue reading...

David Pocock says a flat 25% export levy on gas producers could redirect ‘wartime profits’ to struggling AustraliansGet our breaking news email, free app or daily news podcastPressure is mounting on the Albanese government to help households struggling with fuel prices, with working from home and free public transport posited as possible solutions.Nearly 150,000 New Zealand families will soon receive a weekly cash payment to help them afford petrol, believed to be the world’s first fuel relief package that directly pays citizens since the Israel-US war on Iran began. Continue reading...

Energy minister Chris Bowen says ‘we’re a long way’ from further action like fuel rationing despite shortagesHundreds of service stations across Australia have run out of fuel, with the federal government inking a deal with Singapore, one of our biggest sources of refined petroleum, to keep supplies of diesel and gas flowing.Concerns are now broadening to supplies of fertiliser and other chemicals, heaping more pressure on the Albanese government’s leveraging of overseas exports of coal and gas in a bid to handle of the crisis. Continue reading...

Energy minister says war on Iran creating ‘uncertain environment’ but insists government doing ‘all the preparatory work’Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastSix oil ships bound for Australia have been cancelled in recent days but the federal government is not yet considering any drastic measures, the energy minister, Chris Bowen, says.Bowen said on Sunday that six ships from Malaysia, Singapore and South Korea, that had been expected to arrive next month, were cancelled or deferred. The federal government was working to replace the ships, with some already substituted, the minister told ABC TV. Continue reading...

US president claims he ‘always says yes’ to Australia, Japan and South Korea, after saying he didn’t need help from trio of countries earlier this weekDonald Trump says he is “very surprised” Australia has not sent warships to aid in opening the strait of Hormuz as the blockade of the key strategic route for global oil supply continues to impact fuel prices.“I was very surprised,” the US president said in Washington on Friday when asked what he took issue with regarding Japan, South Korea and Australia. Continue reading...

Anthony Albanese also announces new national fuel supply taskforce and urges motorists ‘only take what you need’Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralia’s competition watchdog is investigating major fuel suppliers including Ampol, BP, Mobile and Viva energy for alleged anti-competitive conduct amid growing shortages sparked by the Iran war.Australian Competition and Consumer Commission boss Gina Cass-Gottlieb said on Thursday morning she was investigating reports about diesel availability to independent wholesalers and distributors in regional and rural Australia. Continue reading...

Independent retailers are struggling to get fuel from the majors and say farmers have only responded to soaring prices and lack of availabilityGet our breaking news email, free app or daily news podcastRural fuel distributor Paul McCallum hopes the worst is over.At the start of the month, as fuel prices surged after the US and Israel bombed Iran, farmers started bringing their diesel orders forward, requesting “a boisterous but not over the top” 1.5m litres from his company Inland Petroleum. Continue reading...

Electric vehicles reduce exposure to global oil price shocks and shift energy consumption to electricity largely produced domestically, expert saysGet our breaking news email, free app or daily news podcastAustralia could reduce its reliance on foreign fuel by more than 1bn litres a year if we replaced 1m petrol-fuelled cars with electric vehicles, as experts say boosting EV adoption is part of securing the nation’s long-term economic security.Hussein Dia, a professor of transport technology and sustainability at the Swinburne University of Technology, said electric vehicles can play a meaningful role in improving Australia’s energy sovereignty, as well as contributing to the national net zero emissions goal. Continue reading...

NRMA says record-high fuel may be here to stay in Sydney, Melbourne and Brisbane after prices soared early in the Middle East conflictFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastDozens of service stations across Australia have run out of petrol as distributors struggle to keep up with customers panic-buying as the conflict in the Middle East continues to disrupt prices.The NRMA has warned regulators “missed” the chance to stop price hikes, as booming wholesale demand pushes fuel prices to a “permanent high” on the east coast. Continue reading...