Articles about Fuel Prices

Australian prime minister Anthony Albanese announces GST revenue on fuel sales to be used to reduce fuel costs by a combined 32 cents a litreFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastTrack Australia’s fuel prices, service station outages and shipments in chartsA deal with the states to return GST revenue on fuel sales will knock another 5.7 cents off the price of petrol for three months, bringing the total reduction to 32 cents a litre after this week’s halving of the fuel excise.The government said the 26.3 cent reduction in the fuel tax and the GST deal would cut the cost of filling a 65-litre vehicle by nearly $23. Continue reading...

The argument for transitioning to renewables seems stronger than ever – and yet, attacks mount on the carbon price scheme that underpins the EU’s success at cutting pollution• Don’t get This Is Europe delivered to your inbox? Sign up hereOn the one hand, experts say, Europe is better prepared for this energy crisis than the last. On the other, it is still waging a culture war against the most obvious path out.Fuel prices have soared to ruinous levels since the Iran war left ships of oil and liquefied natural gas (LNG) stranded in the Gulf. The pain is most acute in Asia, but high energy prices are already causing panic in Europe. Shortages could hit the continent this month, oil company Shell warned last week. Donald Trump’s “go get your own oil” comments on Tuesday sent prices to their highest level since the start of the US-Israel attack on Iran. They briefly dipped below $100-a-barrel on Wednesday amid hopes that the war may soon end. 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...