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The Latest Breaking News from Petrol

Trump's Transport Secretary Urges Americans to Trust a 'Long-Term Strategy' Amid Gas Crisis

As petrol prices soar following the recent Middle East conflict, Transportation Secretary Sean Duffy urges citizens to grant the president grace during this transitional economic period.

International Business Times UK

Europe's response to the relentless surge in energy and fuel costs from the war in Iran

Brent crude topped €100 a barrel after the Strait of Hormuz was closed. With no unified EU response from Brussels, capitals are opting for tax cuts, price caps or simply delaying concrete action.

Euronews

As Labor faces pressure to respond boldly to oil shock, it needs to find more unconventional levers to pull

Leveraging Australian gas exports to ensure we get oil in return is among the offbeat ideas we could be hearing more about

The Guardian - AU

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Starmer adviser urges ministers to look at profits cap for energy and petrol firms

PM’s ‘cost of living champion’ calls for consideration of temporary measure to prevent profiteering from Iran war

The Guardian - UK

Starmer to hold emergency Cobra meeting over Iran war after warning prices rises are ‘inescapable’

The prime minister will meet with senior ministers and Bank of England governor on ⁠Monday ‌to discuss the impact of ‌the conflict

The Independent UK

‘Trumpflation’: how the Iran war’s economic storm could affect Britons

Yet another cost of living crisis looms with fuel, food, holiday, energy and home loan prices expected to rise

The Guardian - UK

Petrol theft expected to rise in Australia as police call for more CCTV and prepaid pumps

Amid a surge in fuel prices and fear of shortages, SA police chief signals officers might stop investigating ‘drive-offs’ unless service stations install prepaid pumps

The Guardian - AU

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Australia last rationed fuel in the 1970s. Could we do it again?

As oil prices skyrocket, analysts believe the disruption to the global supply will last months, not weeks. So what other options are there?

The Guardian - AU

‘It’s stupid’: why western carmakers’ retreat from electric risks dooming them to irrelevance

Iran war should be wake-up call about costs of not going full throttle towards EVs as Chinese have done, experts say

The Guardian - UK

How the Iran war has sent shocks rippling across the globe

From restaurant closures in the Philippines and petrol rationing in Sri Lanka, to Asian food production crises due to fertiliser shortages, the effects of the US-Israeli war on Iran reverberate around the world

The Guardian - UK

Lowering speed limits among contingency plans to curb UK oil demand

International Energy Agency recommends emergency measures, including working from home, as Iran war hits fuel supply

The Guardian - UK

Do petrol retailers really ‘price-gouge’ during oil price spikes?

The US-Israel strikes on Iran in late February caused an immediate spike in oil prices, and volatility has only increased since then. It quickly led to fears among motorists of “price-gouging” – petrol retailers raising their prices to take advantage of consumer panic.

The Conversation

'Carry on as normal,' Starmer tells Britain as Trump's Iran war triggers oil crisis rocking economies

The Prime Minister sought to reassure millions of households amid a new warning that energy bills could rise by more than £300

Evening Standard

Premium Petrol Prices Increased by Over ₹2 Amid Global Oil Surge

State-run oil marketing companies on Friday announced an increase of over ₹2 per litre in the price of premium-grade petrol, while leaving the prices of regular petrol and diesel unchanged.

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Euronews

The Iran oil shock: Who pays the most fuel tax in Europe?

Fuel prices across Europe are soaring, with taxes making up more than half of the cost at the pump in many countries. Euronews Business examines how differences in taxes mean motorists in some countries now pay far more at the pump than others.

The Guardian - AU

‘Really significant’: analysts warn top fuel suppliers could cut exports to Australia

Energy minister says he is not aware of any cuts to imports from Malaysia, but expert says warnings are ‘really significant’

The Guardian - AU

Morning Mail: Iran threats stoke global alarm, cyclone Narelle poised to hit Queensland, One Nation’s Rinehart flights queried

Tehran says it will show ‘zero restraint’ amid fear of years-long impact on energy supplies; tropical cyclone winds hit 250km/h

AAP

Aussies urged to work from home to save precious fuel

As dozens of servos run dry of petrol and diesel, the nation's road commuters are being told to go slower or even stay at home to ease the pain of fuel shocks.

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The Independent UK

UK drivers facing highest petrol prices in three years due to Iran war

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Newslaundry

The Syros paradox: A premium heart in a polarising wrapper

The Syros story began quite well, clocking over 5,000 units in the months after its launch. Practical, compact, and well finished, the Syros made it easy to see why it had quickly become a popular choice. Inexplicably, despite all those attributes remaining unchanged, the Syros hasn’t remained the chartbuster that…

Euronews

War in Iran: Where in Europe have petrol prices spiked?

Motorists across Europe are facing higher fuel prices as the war in Iran has rattled global energy markets, with governments looking at how best to react.

AAP

'Over-prepared': PM's pledge on growing fuel crisis

Australia will have a single point of contact co-ordinating fuel supplies and issues that might arise due to the Iran war, with further measures expected.

The Guardian - AU

‘It’s not panic-buying’: farmers defend stockpiling as regional Australia bears brunt of fuel crisis

Independent retailers are struggling to get fuel from the majors and say farmers have only responded to soaring prices and lack of availability

Pedestrian.tv

Anthony Albanese Has Warned Aussies Not To Panic-Buy Petrol Amidst Fuel Security Fears

“It’s not the Australian way. Just take what you need, be sensible."

Euronews

Federal Reserve could signal pause in rate cuts as Iran war stokes inflation

The Federal Reserve is expected to hold interest rates steady and may signal it will not cut rates at all this year as the Iran war complicates the central bank's inflation outlook.

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