Petrol

Drivers conserve fuel amid Iran war uncertainty, pushing overall sales down 1.3% in AprilBusiness live – latest updatesMotorists cutting back on petrol and fuel purchases at the steepest rate since the Covid pandemic in 2020 drove retail sales in Great Britain to their biggest monthly decline in a year.The Office for National Statistics (ONS) said the overall volume of retail sales plunged by 1.3% in April compared with the previous month, the biggest contraction since May last year and worse than the -0.6% forecast. Continue reading...

The fuel crisis is seeing more voters keen to shift to renewable energy rather than stick with fossil fuelsGet our breaking news email, free app or daily news podcastA majority of Australians support taxing profits from gas exports and extending the cut to the fuel excise, according to the latest Guardian Essential poll, despite Anthony Albanese on Wednesday ruling out a new tax on existing gas export contracts.The poll also found the fuel crisis is seeing more voters keen to shift to renewable energy rather than stick with fossil fuels. Australians also say they’re already cutting back on travel, switching to public transport and reducing their use of aircon and heating amid the global fuel uncertainty. Continue reading...

Autotrader says average EV cost is £785 cheaper, in an important milestone in the move away from fossil fuelsBusiness live – latest updatesThe price of new battery electric cars has fallen below petrol cars in the UK for the first time ever, according to the car sales website Autotrader, in a significant milestone in Britain’s transition away from fossil fuels.The average price of a new electric car listed on the website was £42,620, compared with £43,405 for a new petrol model – making the former £785 cheaper based on advertised prices after discounts. Continue reading...

How much fuel does Australia have left today, and when could we run out? Track how much petrol and diesel prices have risen near you in Sydney, Melbourne and across the country.Get our breaking news email, free app or daily news podcastThe federal government has released fuel reserves, cut fuel excise taxes and rolled out a national fuel security plan as Australia battles a fuel crisis.While we know there have been outages and price increases, it can be difficult to get a full picture of what is happening – this is partly due to the thousands of independent businesses and different governments involved. We have brought together the latest data on prices, outages and oil tanker deliveries. Continue reading...

Trips in electric vehicles will be exempt from the temporary fee of 5 cents per kilometre, rideshare firm says Uber customers in Australia will be charged a fuel surcharge for almost two months from Wednesday unless they ride in an electric vehicle.Trips in petrol, diesel, and hybrid vehicles will attract an extra fee of 5 cents per kilometre from 15 April to 8 June, Uber announced on Monday. Continue reading...

Australia and Singapore will ‘make maximum efforts to meet each other’s energy security needs’ in refined fuels and LNG, according to new agreementGet our breaking news email, free app or daily news podcastAustralia’s largest petrol source has pledged not to cut supplies, with Singapore’s prime minister telling Anthony Albanese that fuel will keep flowing despite the international crisis.Albanese’s whistle-stop visit with his Singaporean counterpart, Lawrence Wong, culminated in a new agreement that the two countries would keep sending one another fuel and liquefied natural gas, amid the “acute energy crisis” caused by the war in the Middle East. Australia and Singapore will also add a legally binding addendum to their free trade agreement on essential supplies like energy. Continue reading...

How much fuel does Australia have left today, and when could we run out? Track how much petrol and diesel prices have risen near you in Sydney, Melbourne and across the country.Get 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...