Articles about Fuel Crisis

Rising energy bills give Reform and Tories opening to attack net zero while government hesitant to make case for clean energyCould net zero become “the next Brexit”? That is the fear stalking climate advocates as the oil crisis caused by the war on Iran starts to bite.A powerful coalition of the well-funded Reform party, led by Nigel Farage, the Conservative party, some business interests, and the UK’s right-wing media, are engaged in an onslaught against the longstanding target of reaching net zero greenhouse gas emissions by 2050. 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...

Policy begins on 1 April and is aimed to ease financial pressure as the price of fuel surges due to conflict in the Middle EastNearly 150,000 New Zealand families will soon receive a weekly cash payment to help them afford petrol, the government has announced, in what is believed to be the world’s first fuel relief package that directly pays citizens since the Iran war began.On Tuesday, prime minister Christopher Luxon and finance minister Nicola Willis announced roughly 143,000 families with children will get an extra NZ$50 ($29.20; £21.80) a week through a boost to the in-work tax credit – a payment to families with dependent children where at least one parent is in paid employment and neither parent receives benefits. Another 14,000 families on slightly higher incomes will also be eligible for payments, but will receive less than $50 per week. 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...

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...

Prime minister says US–Israeli war on Iran has shifted the international reality, likening current economic shock to Covid pandemic and Ukraine invasionFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAnthony Albanese says the federal government is preparing new measures to help shield households from the economic fallout of the war in Iran, likening supply chain and fuel disruptions to the Covid-19 pandemic.Announcing a snap meeting of national cabinet on fuel supply set to take place on Thursday morning, the prime minister used a speech to the Australian Automotive Dealer Association in Sydney to warn the international reality had shifted because of the US and Israeli-led bombings. Continue reading...