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The Latest Breaking News from Petrol

India Increases Commercial LPG Allocation Amid Middle East Energy Crisis

As the ongoing conflict in the Middle East continues to disrupt global energy supplies, the Indian government has stepped up efforts to ensure industrial fuel availability. The Ministry of Petroleum and Natural Gas has directed states to increase commercial LPG allocation from 50% to 70% of pre-crisis levels.

Whats Hot

Govt Cuts Petrol and Diesel Duties to Protect Consumers

In a decisive move to protect citizens from surging global energy prices, the Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, announced on Friday that the government has reduced excise duties on petrol and diesel. Petrol duty has been cut from ₹13 per litre to ₹3, while diesel…

Whats Hot

Afternoon Update: Labor hoses down fuel supply concerns; cyclone batters WA coast; and the year’s first big snowfall

PM confirms national cabinet will convene over issue as energy minister insists fuel supply will be ‘the same if not higher’ than normal in the coming weeks

The Guardian - AU

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EV loans double as pressured drivers dodge petrol pump

After years of government incentives to boost electric vehicle sales, a climate change sceptic's war has Aussies ditching the pump for the plug at high speed.

AAP

Long queues continue for fuel

Motorists, farmers and truck drivers in Buri Ram continued to queue at petrol stations on Thursday despite another 6‑baht price hike, saying they have no choice but to refuel to sustain their livelihoods.

Bangkok Post

‘Drive-off’ fuel thefts cost $80 million even before the war – and they’re heading up

With petrol and diesel prices soaring, we’re hearing more reports of alleged fuel thefts from petrol stations, farms, trucks and even parked cars.

The Conversation

Distant conflict, local crisis: is this oil shock the wake-up call NZ needed?

In recent years, there has been no shortage of warnings about the fragility of New Zealand’s largely imported fuel supply.

The Conversation

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Morning Mail: Trump renews threats to Iran, big cyclone about to make third landfall, trans Olympic ban

US president implores Tehran to negotiate as Labor tries to fix ‘biggest ever energy crisis’; trans women will not be able to compete in female events in LA

The Guardian - AU

Could this energy crisis be worse for the global economy than COVID?

Despite reports of negotiations between the US and the Iranian regime, the Strait of Hormuz remains effectively closed to most oil tankers, with only a small number of vessels being allowed to pass. The result is a loss of roughly 11 million barrels per day (mbd) of oil and petroleum…

The Conversation

Drivers urged to nab 'undersold fuel' as costs spike

Data on fuel has revealed which capital cities are offering the cheapest and most expensive prices as motorists are urged to use an "undersold" option.

AAP

‘Not going anywhere’: fuel supply fears and soaring pump prices put a brake on the great Australian Easter road trip

Travel feels ‘quite wasteful’, says a Sydney mother whose family has shelved their school holiday plans amid the energy shock from the Middle East conflict

The Guardian - AU

Cost of Trump’s war: From energy bills to UK interest rates, how Middle East conflict is hitting Britons

Chancellor warns UK households face ‘significant’ economic challenges as US and Israel’s war against Iran sends global financial markets and energy prices spiralling

The Independent UK

Fuel prices jump Thursday morning

Retail petrol and diesel prices rose by six baht per litre on Thursday morning.

Bangkok Post

Rising profit margins turbocharged Australia’s latest inflation figures – but something worse is just around the corner

Fuel supply shock from Iran – not too many wage rises – will be the driver of higher figures in June

The Guardian - AU

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The Conversation

This is how the 1970s oil shock played out. There are lessons for the economy today

On October 6 1973, the Yom Kippur War – mainly involving Egypt, Syria and Israel –triggered one of the biggest energy crises of the 20th century. Eleven days later, several Arab members of the Organization of the Petroleum Exporting Countries (OPEC) announced they would stop selling oil to countries supporting…

AAP

Shock at the petrol pump sparks electric vehicle surge

Enquiries about new and second-hand electric cars are setting records as motorists look for ways to avoid the rising price of petrol and diesel.

The Independent UK

Electric car interest jumps as fuel prices soar

Fresh data is showing a sharp rise in interest across both leasing and retail markets

The Guardian - UK

UK drivers: are fuel price increases making you cut back?

We’d like to speak to people in the UK who are cutting back on fuel use after the increase in petrol and diesel prices linked to the war in Iran

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The Guardian - AU

‘Crazy not to’: soaring fuel prices send more Australians into U-turn towards electric cars

Sales of EVs and hybrids have increased in Australia ever since the US-Israel war on Iran sent oil prices soaring and raised the prospect that fuel could be rationed

The Guardian - AU

Swapping the car for a bike and seeing loved ones less: how the fuel crisis is affecting Australians

We asked Guardian Australia readers how they are affected by surging petrol prices and shortages. Here’s what they told us

Evening Standard

Why is UK inflation steady and how will the Iran war affect it?

February’s inflation rate of 3% means if an item cost £100 a year ago, it would now cost £103.

The Guardian - AU

‘Political Band-Aid’: cutting Australia’s fuel excise could make petrol shortages worse, economists say

Fuel tax cuts also risk adding to inflation by enabling some households with enough income to spend more

Newslaundry

The anatomy of a protest: Why workers across refineries in India are striking work?

For the last four years, around 8 am every morning, including Sundays, thousands of men dressed in navy blue and orange overalls, yellow hard-hats and boots have queued up outside the gates leading to the ‘P-25 Project’ site. Hired by private contractors, they work at an intense pace to construct…

The Independent UK

Europe facing energy shortages by next month as Strait of Hormuz chaos deepens, warns Shell boss

UK drivers have already paid an extra £307m for petrol and diesel since the war in Iran began

AAP

Fuel shortages, price hikes drive rethink on ethanol

Innovative fuel-saving ideas are being tossed up to tackle Australia's shortages as the Iran war throws global oil trade into chaos and prices soar.

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