Trump threatens to shoot down signs of economic rebound
Oil prices are rising again as conflict between the US and Iran reignites, threatening a recent recovery in household confidence and spending.
Oil prices are rising again as conflict between the US and Iran reignites, threatening a recent recovery in household confidence and spending.
While the government is concerned about the impact on petrol prices, the opposition warns a US toll in the Strait of Hormuz would set a dangerous precedent.
Winding back discounts to the fuel excise are hitting motorists in the hip pocket, with service stations and suppliers monitored for exorbitant price rises.
Motorists feeling the cost crunch are encouraged to fill up tanks before the fuel excise discount is halved, with one cohort likely to feel its impact first.
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Health and transport experts are urging a state government to slow its plans for an electric vehicle tax and wait for a national approach.
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Motorists will receive an extended discount on fuel but the savings will be lower as the government weighs budget costs against higher bowser prices.
A jump in fuel prices will wreak havoc on regional economies as one of the biggest holiday periods for road trippers approaches, a peak body has warned.
The expected end to the 32-cent-a-litre fuel tax cut will see fuel prices tick back up despite hopes for a looming resolution to the conflict in Iran.
Motorists will face higher fuel prices at the bowser in the coming weeks as the federal government flags the end of the temporary cut to the excise.
The nation's fuel reserves are flush as petrol prices at the bowser continue to drop, but motorists could be in for a shock when the excise discount ends.
A state deputy premier will have the power to override environmental and heritage laws in a move slammed by the opposition and a conservation group.
The federal government has secured additional diesel to help ease Queensland's regional supply bottlenecks.
The prime minister has left the door open to more tax relief at the bowser as state governments attempt to shore up their own fuel supplies.
Fuel excise relief appreciated by Australian motorists may not end in July, as the government promotes other tax cuts due to begin at the same time.
South Australia could stockpile up to 20 million litres of diesel, touting a bigger fuel buffer than larger jurisdictions, as states rush to lock in supplies.
Australia has taken steps to shore up security of fuel and fertiliser under a multibillion-dollar package as supply chains remain disrupted by the Iran war.
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With the Strait of Hormuz still shut and stockpiles running down, economists warn fuel prices could spike above levels previously seen during this oil crisis.
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Mortgage holders are back to square one after a third straight Reserve Bank rate hike, adding hundreds of dollars more to interest repayments since February.
One state is opening surplus port land to new fuel tanks and refineries as it races to boost storage and cut reliance on volatile global supply chains.
One of the big four banks has delivered encouraging news about Australia's chances of avoiding a recession, which could still emerge in the global economy.
Higher fuel prices could be just weeks away as conflict in the Middle East drags on, with the nation's leaders committing to further crisis talks.
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A rate hike in May is forecast by analysts after the Iran oil shock pushed the annual headline inflation level to the highest point in almost three years.
Confusion reigns over who would pay for a coalition plan to add one billion litres to Australia's emergency fuel stocks - and if the supply figures add up.
The first inflation figures since the Iran war started, causing petrol prices to skyrocket, will give clues on its cost - with home-buyers watching closely.
Motorists in one state will receive a one-off rebate on car registration to ease cost-of-living pressure as fuel prices soar across the country.
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Two additional cargo ships of diesel will come into Australia, bringing in 100 million litres of supply after deals struck with two major fuel companies.
As the repercussions of the US-led war on Iran continue and a crucial oil corridor remains effectively closed, Australia has topped up its fuel supply.
A renewable diesel project has been unveiled as a state government shores up fuel security after butting heads with the commonwealth over a proposed oil field.
The number of voters backing Pauline Hanson's political movement appears to have plateaued, but the firebrand senator says her rivals are copying her policies.
Transport workers could soon be getting more money to cover the costs of rising fuel prices from the Iran war after a decision from the workplace watchdog.
Australian motorists are caught between the US and Iran as the Islamic republic backflips on a promise to reopen a critical shipping route.