Extra fuel savings on the way after states end feud
About $400 million of extra GST revenue as a result of the oil spike will be returned to motorists, despite the negative impact it will have on state buffers.
About $400 million of extra GST revenue as a result of the oil spike will be returned to motorists, despite the negative impact it will have on state buffers.
Australia has joined nations for talks about a vital oil corridor, as the UN Security Council considers whether "defensive" action can be taken against Iran.
Australia is open to a cap on gas and coal prices if they spike due to the widening conflict in the Middle East, the Albanese government says.
Australians are being urged to stick to Easter holiday plans following measures to cut costs at the bowser but fuel supply strength is being questioned.
Motorists are getting access to better, real-time information about changing fuel prices as one state launches a crackdown on service stations.
Households and businesses face months of high fuel prices and associated costs even if there is a swift end to the Middle East conflict that is choking supply.
After criticising Anthony Albanese for making a national televised speech on the fuel crisis, Angus Taylor has made an address to attack the government.
Australia will join a snap meeting to end disruption to shipping in a critical oil corridor as the prime minister questions the value of a prolonged Iran war.
Australians are being warned the fuel crisis could worsen as Anthony Albanese uses a national address to urge motorists to think of others when filling up.
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.
Australians are being urged to use common sense instead of stockpiling petrol and diesel as the government proposes new powers to secure supplies.
Business groups have urged the government to cut the road-user charge for trucks, but not the fuel excise for all motorists.
Free public transport will be offered across two states to offset petrol price pain and soaring demand amid the global oil crisis.
The government has moved to cut taxes on petrol and diesel, as the Middle East war sends global oil prices through the roof.
Fuel prices won't immediately become cheaper at the bowser as a tax cut comes into effect, and might take weeks to flow through to motorists.
Service station operators are reporting a rise in fuel theft and customer anger as the cost of fuel continues to climb.
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.
Fresh produce is likely to go up in price as higher fuel costs flow through the nation's supply chains, but relief to petrol shortages is on the way.
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.
To address fuel availability issues at service stations, companies will be allowed to co-ordinate with each other on supply but not prices.
The war in the Middle East has forced six fuel shipments to Australia to be cancelled, but a minister insists any shortages are demand not supply driven.
Australia has been reassured by a key trading partner its fuel supplies are not at risk as other nations look to limit exports to support domestic markets.
Measures to help more diesel flow into the domestic market have been announced as hundreds of service stations across Australia run dry.
Ministers say they're focused on getting more petrol into the market in response to the Iran war, rather than limiting how much motorists can buy.
Australia is preparing for all scenarios should the war in the Middle East go on indefinitely and the fuel crisis escalates, the prime minister says.
Fresh modelling shows oil price shocks and soaring prices for other commodities will have a lasting impact on Australia's economy.
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 government has temporarily lowered Australia's fuel quality standards to boost supplies as the war in the Middle East disrupts global markets.
Petrol and diesel prices were hiked dramatically almost straight after war broke out in the Middle East, the consumer watchdog has found.
Australia has stockpiled more than a month's supply of fuel and is as "prepared as possible" as the war in the Middle East continues to impact global supply,
Emergency oil reserves from Asia and Oceania will be available immediately, the International Energy Agency says as it details the release of stockpiles.