Fuel imports remain stable,and the government is not contemplating restrictions on motorists’ fuel use at present.
Australia has opened its chequebook to buy up as much fuel as possible,as Anthony Albanese flies to Singapore seeking deals to bridge a looming shortfall.
Iran says it will allow ships through the Strait of Hormuz for two weeks in co-ordination with its armed forces,but petrol price relief would not be immediate in Australia.
The nation confronts the prospect of dire economic consequences if the Iran war drags on. But we’re not entirely helpless.
EV sales jumped 50 per cent in March as pain at the petrol pump and speculation over the federal budget changed motoring habits.
Despite the government’s confidence that the nation can avoid a crippling fuel shortage,attention has turned to what options Australia has in its own backyard. Do they stack up?
Donald Trump says oil prices would fall rapidly if the US ended its war with Iran. Australian fuel companies are preparing for a longer setback.
Australia’s fuel import supply lines face heightened risk of disruption after Donald Trump’s declaration that the Iran war would drag on for weeks.
Petrol prices in Australia’s biggest cities have started to fall as retailers move unexpectedly early to pass on the government’s 26¢ excise cut in part or in full.
Don’t expect to see your petrol fall 26¢ a litre on Wednesday. In fact,it may never drop that far given the war in Iran.