DieselPrices News & Analysis

Australia Fuel Supply Under Pressure: Prices Rise to 238 Cents/Litre

Hundreds of petrol stations in Australia have reported shortages of at least one type of fuel this week, prompting Prime Minister Anthony Albanese to assure citizens that the fuel supply remains secure. The average retail price of petrol has increased to 238 Australian cents per litre, up from 171 cents four weeks prior, while diesel prices have reached 314.5 cents per litre in Sydney, the highest recorded price. The government claims that shortages stem from changes in consumer behavior rather than supply issues, as demand and distribution challenges persist. An emergency national cabinet meeting is scheduled to address the ongoing situation.