Petrol prices to stay high as oil prices and weak Australian dollar flow through to the bowser
1 year, 4 months ago

Petrol prices to stay high as oil prices and weak Australian dollar flow through to the bowser

ABC  

Analysts say petrol prices will stay above $2 a litre for "the next few weeks" after reaching their highest level this year, as pressures from the global oil market flow through to petrol bowsers across the country. Key points: The average weekly petrol price sits at 197.5 cents a litre for capital cities and 194.6 cents a litre for regional Australia Tightening global oil markets and a weakening Australian dollar are responsible for rising petrol prices at the bowser Analysts say higher prices will likely remain for several weeks while global uncertainty remains The average retail price for petrol in Australia hit 196.5 cents at the beginning of the week, according to the Australian Institute of Petroleum's weekly report. Since the federal government's halving of the fuel excise ended last September, the national average weekly petrol price had been hovering around of 175 to 180 cents a litre. Mr McKenzie said a weakening Australian dollar against the US dollar increased the wholesale price by about "four cents a litre", while the fuel excise indexation applied by the federal government on the first of August added another cent. Mr Dhar said the weakening of the Australian dollar coupled with the current status of the oil markets would keep petrol prices higher on average.

Global Oil Prices Price Oil Prices High Average Dollar Australian Photo Petrol Bowser Mckenzie Flow Litre Wholesale Cents Petrol Prices Scott Jewell Oil Markets Mr Mckenzie Production Cuts  dollar  cents  stay  petrol  flow  bowser  prices  price  litre  high  average  weak  global  wholesale  australian  oil

History of this topic

Petrol and diesel prices remain at three-year low as Reeves freezes tax
1 month, 2 weeks ago

Petrol and diesel prices remain at three-year low as Reeves freezes tax

Daily Mail  

Fuel prices remain at a three-year low, according to the latest data from the RAC. The average price of petrol at the pump is now 135.2p after the Chancellor confirmed in the Budget that fuel duty would remain frozen for another 12 months. The average price of petrol at the pump is now 135.2p after the Chancellor confirmed in the …

Petrol drops to a six-month low but warning of 'perma-high' prices remains with fuel duty hike looming
4 months, 1 week ago

Petrol drops to a six-month low but warning of 'perma-high' prices remains with fuel duty hike looming

Daily Mail  

UK petrol prices have fallen to their lowest level in six months, the AA has confirmed on Friday morning. Had the fuel duty cut not been implemented in March 2022, UK motorists would have endured average petrol prices at more than 150p a litre from 21 February to 8 August. This is Money reported that a trifactor of fuel duty …

RACQ calls on Queensland government to cap fuel price hikes to five cents a day
6 months, 2 weeks ago

RACQ calls on Queensland government to cap fuel price hikes to five cents a day

ABC  

One quarter of petrol stations in greater Brisbane have hiked their prices by 50 cents per litre this week, prompting calls for the Queensland government to step in to restrict petrol price hikes. "Global oil prices have decreased, so charging $229.9 cents per litre for unleaded, with a retail margin of 56 cents per litre, is unacceptable and unjustified," he …

Average petrol prices increase again as drivers feel pain at the pumps
8 months ago

Average petrol prices increase again as drivers feel pain at the pumps

The Independent  

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Oil prices have risen. That’s making gas more expensive for US drivers and helping Russia’s war
1 year, 2 months ago

Oil prices have risen. That’s making gas more expensive for US drivers and helping Russia’s war

Associated Press  

FRANKFURT, Germany — Oil prices have risen, meaning drivers are paying more for gasoline and truckers and farmers more for diesel. Oil prices can be volatile, and while they might briefly top $100 in the coming months, they’re unlikely to stay there, said Jorge Leon, senior vice president for oil markets at Rystad Energy. Leon said the Saudis will review …

A powerful oil cartel controls the price you pay at the petrol pump, but its influence could wane
1 year, 3 months ago

A powerful oil cartel controls the price you pay at the petrol pump, but its influence could wane

ABC  

Recently when I stood at the petrol pump watching the price to fill my tank with unleaded petrol soar above $80, I wondered how much the men who operate the world's oil cartel understand the impact they are having on people's lives. In 2016 when the world was getting worried about America's influence over the oil market, OPEC signed an …

Surging oil price fuels fresh inflation fears as petrol stays above $2 per litre
1 year, 3 months ago

Surging oil price fuels fresh inflation fears as petrol stays above $2 per litre

ABC  

Surging fuel prices are igniting fresh inflation fears, as production cuts by the global oil cartel heap yet more pain on consumers. Key points: Fuel prices across Australia have averaged more than $2 a litre for about a month Analysts say production cuts by the global oil cartel and a weak Aussie dollar are to blame The resurgent price has …

Drivers hit by one of the biggest monthly jumps in fuel prices in decades
1 year, 3 months ago

Drivers hit by one of the biggest monthly jumps in fuel prices in decades

The Telegraph  

Drivers had to stomach one of the largest monthly fuel price rises in more than two decades in August, new data shows. The increase for petrol was the fifth biggest monthly jump in 23 years, according to the RAC, while the rise in diesel was the sixth biggest monthly rise. Higher wholesale prices have rapidly filtered through to the pumps, …

Diesel drops below £1.50-a-litre for the first time in 15 MONTHS
1 year, 6 months ago

Diesel drops below £1.50-a-litre for the first time in 15 MONTHS

Daily Mail  

The average diesel pump price has dropped below £1.50p-a-litre for the first time since 1 February 2022, meaning it is down 50p on the record highs drivers faced in July. Diesel drop: The price of the fuel has dipped below £1.50-a-litre for the first time since February 2022 and is now 50p less than the record high posted last summer …

Supermarkets hike diesel and petrol prices more than needed, CMA finds
1 year, 7 months ago

Supermarkets hike diesel and petrol prices more than needed, CMA finds

Daily Mail  

Fuel retailers, particularly supermarkets, have hiked diesel and petrol prices more than needed to boost profit margins, the competition watchdog has found. Fuel prices: The CMA will be grilling supermarkets 'to get to the bottom of what is going on' 'Evidence gathered by the CMA indicates that fuel margins have increased across the retail market, but in particular for supermarkets, …

I run Britain's cheapest petrol station and I'm charging far less than the UK average
1 year, 7 months ago

I run Britain's cheapest petrol station and I'm charging far less than the UK average

Daily Mail  

A garage owner is claiming the crown of 'King of the Pumps' because he believes he is selling the cheapest fuel available anywhere in Britain. Vijay Jaganathan is advertising both petrol and diesel at 129.9p per litre at his rural forecourt - compared to the UK average of 145p for petrol and 154p for diesel. Vijay Jaganathan is currently advertising …

How petrol and diesel prices have changed over the past decade
1 year, 7 months ago

How petrol and diesel prices have changed over the past decade

Daily Mail  

Petrol and diesel prices have fallen almost 50p a litre since they peaked last summer, but are still far higher than they were in 2021, new figures have shown. In its weekly report on road fuel prices, the Department of Energy Security and Net Zero reported that the average price of unleaded at the pump is now 145.71p per litre. …

Petrol prices ‘to rise again’ after oil exports cut by 2m barrels a day
2 years, 2 months ago

Petrol prices ‘to rise again’ after oil exports cut by 2m barrels a day

The Independent  

Motorists could face another rise in fuel prices due to a cut in oil exports, the RAC has warned. Energy ministers meeting at the Vienna headquarters of the Organisation of the Petroleum Exporting Countries made the decision to cut oil production by two million barrels per day starting in November. “Despite three straight months of pump prices coming down, we …

US gas prices tick up, ending 99-day streak of lower costs
2 years, 3 months ago

US gas prices tick up, ending 99-day streak of lower costs

Associated Press  

A 99-day run of falling gasoline prices — a streak that gave consumers a glimmer of hope that red-hot inflation might be cooling — has ended, with pump prices still much higher than a year ago. “I suspect that we will see choppy prices for gasoline through year end, with some down days and up days,” said Tom Kloza of …

Gas prices are rising, with the Los Angeles County average jumping 8.5 cents overnight
2 years, 3 months ago

Gas prices are rising, with the Los Angeles County average jumping 8.5 cents overnight

LA Times  

The question now is whether pump price increases are just a blip or the precursor to the return of sustained higher prices. Los Angeles County’s average gas price rose Wednesday to $5.545 for a gallon of self-service regular, up 8.5 cents from the day before, AAA data show, as refinery problems accelerated increases that began nearly three weeks ago. He …

Petrol prices ‘on course to dip below 160p a litre’
2 years, 4 months ago

Petrol prices ‘on course to dip below 160p a litre’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Prices at the petrol pump …

Petroleum dealers demand restoration of ‘dynamic pricing’ system for fuels
2 years, 7 months ago

Petroleum dealers demand restoration of ‘dynamic pricing’ system for fuels

Deccan Chronicle  

Vijayawada: Upping their ante against the Centre for causing a huge loss to them –“nearly Rs 2,000 crore” nation-wide due to the sudden reduction in prices of petrol and diesel, petroleum dealers have sought restoration of the ‘dynamic pricing’ mechanism. The dealers allege that the Centre stopped implementing the dynamic pricing system for fuels for over two months and is …

Inflation impact: The falling mileage of paying for soaring fuel costs
2 years, 7 months ago

Inflation impact: The falling mileage of paying for soaring fuel costs

The Hindu  

“When will the rising petrol prices stop.” This was the question asked by a 26-year-old, who works as a delivery boy with an online app in Madurai. While the common man, in many places, is being forced to depend on public transport or take share-autorickshaw rides, many autorickshaws plying in Coimbatore district have halved the number of trips in the …

Oil rises 4% as US gasoline prices jump to record high
2 years, 7 months ago

Oil rises 4% as US gasoline prices jump to record high

Al Jazeera  

Global benchmark Brent fell for the first time in three weeks. Oil prices rose about 4 percent on Friday as United States gasoline prices jumped to a record high, China looked ready to ease pandemic restrictions and investors worried supplies will tighten if the European Union bans Russian oil. Automobile club AAA said US prices at the pump rose to …

Petrol, diesel prices on fire: Take a look at fuel rates in US, other countries
2 years, 8 months ago

Petrol, diesel prices on fire: Take a look at fuel rates in US, other countries

India Today  

Petrol and diesel prices have increased by Rs 10 per litre in the past 16 days across India. INTERNATIONAL OIL PRICES Meanwhile, international crude prices have dropped far more steeply, from a peak of more than $139 per barrel in early March to about $107 a barrel on Tuesday, a fall of 23 per cent. FUEL PRICE IN US Gasoline …

Petrol prices: March worst month ever at the pumps
2 years, 8 months ago

Petrol prices: March worst month ever at the pumps

Daily Mail  

Motorists endured one of the 'worst months ever at the pumps' in March as fuel prices grew the largest amount on record, despite the Chancellor's efforts to cut the cost of petrol and diesel by lowering fuel duty. Analysis of Experian Catalist data found that the average cost of a litre of petrol rose by 11.6p from the beginning to …

Rise in petrol prices in US, Germany 51% and 55%, in India it's 5%: Union Minister Hardeep Singh Puri
2 years, 8 months ago

Rise in petrol prices in US, Germany 51% and 55%, in India it's 5%: Union Minister Hardeep Singh Puri

India TV News  

Highlights Rise in petrol prices India comparatively lower than US, Germany, UK, France, says Union Minister Global crude oil prices have risen due to the Russian-Ukrainian war Hardeep Puri made the statement in Lok Sabha Rise in domestic petrol prices, due to high crude oil costs, is comparatively lower than other countries such as the US, Germany, the UK and …

Fuel prices hiked again, fifth time in six days
2 years, 8 months ago

Fuel prices hiked again, fifth time in six days

Firstpost  

Petrol price on was hiked by 50 paise a litre and diesel by 55 paise today New Delhi: Petrol price on Sunday was hiked by 50 paise a litre and diesel by 55 paise, taking the total increase in rates since resumption of daily price revision less than a week back to Rs 3.70-3.75 per litre. The increase in retail …

Petrol price hiked 50 paise, diesel up 55 paise
2 years, 8 months ago

Petrol price hiked 50 paise, diesel up 55 paise

The Hindu  

Petrol price on Sunday was hiked by 50 paise a litre and diesel by 55 paise, taking the total increase in rates since resumption of daily price revision less than a week back to ₹3.70-3.75 per litre. Petrol in Delhi will now cost ₹99.11 per litre as against ₹98.61 previously while diesel rates have gone up from ₹89.87 per litre …

Petrol, diesel prices up 80 paise a litre for 2nd straight day
2 years, 9 months ago

Petrol, diesel prices up 80 paise a litre for 2nd straight day

Live Mint  

Petrol and diesel prices jumped by 80 paise per litre for the second day in a row on Wednesday. Lim, Analyst at S&P Global Commodity Insights, said: “In the near term, we expect India’s oil demand to remain robust in the first half of March, but it is likely to ease in the second half as retail prices are hiked, …

Petrol, diesel prices hiked after four months
2 years, 9 months ago

Petrol, diesel prices hiked after four months

Live Mint  

New Delhi: Petrol and diesel prices increased in the metro cities by 80 paise per litre after remaining steady for nearly 137 days. Rahul Kalantri, vice president for commodities at Mehta Equities noted that crude oil prices have gained around 18% in last four days. In its oil market report for March 2022 released last week, the International Energy Agency …

Diesel price hiked Rs 25 per litre for bulk users, no change in retail
2 years, 9 months ago

Diesel price hiked Rs 25 per litre for bulk users, no change in retail

India TV News  

The price of diesel sold to bulk users has been hiked by about Rs 25 per litre in line with a near 40 per cent rise in international oil prices, but retail rates at petrol pumps remain unchanged, sources said. The wide difference of about Rs 25 per litre between the bulk user rate and petrol pump price has prompted …

Rising petrol prices and the cost of living will hurt Morrison — and he can't blame it all on Putin
2 years, 9 months ago

Rising petrol prices and the cost of living will hurt Morrison — and he can't blame it all on Putin

ABC  

Back in November, the Prime Minister seemed to suggest he had some influence over petrol prices. "I think it does highlight Australia's economic recovery has to be secured by people who have a track record in economic management, otherwise you will see petrol prices go up, you will see electricity prices go up, you will see interest rates go up, …

It's hard to find a case for a cut in petrol tax – there are things the budget can do to counteract the price rise
2 years, 9 months ago

It's hard to find a case for a cut in petrol tax – there are things the budget can do to counteract the price rise

ABC  

Cutting petrol tax to bring down the cost of living used to be the political version of a joke. Australia taxes petrol lightly Eagle-eyed readers will have noticed that even with the cut, New Zealand petrol prices will still be way above Australia's. Until the cut on Tuesday, New Zealand petrol excise was a touch over NZ$0.77 per litre compared …

Oil price hike may be delayed as crude plunges below $100
2 years, 9 months ago

Oil price hike may be delayed as crude plunges below $100

Hindustan Times  

The price of petrol and diesel may not rise as much as feared because the price of crude oil has declined by about 30% after hitting an intraday peak of $139 per barrel for Brent Crude on March 7. “Certainly, there is some relief now due to softening of international oil prices.” Pump prices in India are pegged to the …

History repeating as unpopular Prime Minister contends with pre-election petrol price rises
2 years, 9 months ago

History repeating as unpopular Prime Minister contends with pre-election petrol price rises

ABC  

Petrol prices have a wonderful ability to annoy people even when they are not buying fuel. Russia's invasion of Ukraine in many ways has poured fuel onto an already burning fire of petrol prices. With petrol prices skyrocketing, rumblings of a by-election in the Melbourne electorate of Aston and a Prime Minister struggling in the polls ahead of an election, …

Petrol hits new record high of
2 years, 9 months ago

Petrol hits new record high of

The Independent  

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Petrol soars above £2 a litre in UK as Ukraine war drives up prices
2 years, 9 months ago

Petrol soars above £2 a litre in UK as Ukraine war drives up prices

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Petrol prices have reached record highs of over £2 per …

Higher fuel prices to drive up cost of living in rural, regional Australia
2 years, 9 months ago

Higher fuel prices to drive up cost of living in rural, regional Australia

ABC  

Farmers and transport operators are bracing for even higher fuel prices after US President Joe Biden announced a ban on Russian oil imports overnight. Key points: Farmers, truck drivers and rural Australians say they are preparing for some fuel price pain As the result, the cost of living is set to rise The federal government rules out halving its fuel …

Russia-Ukraine war causes petrol price panic, with 'new normal' above $2 a litre
2 years, 9 months ago

Russia-Ukraine war causes petrol price panic, with 'new normal' above $2 a litre

ABC  

Petrol prices are already at record levels nationally and a rise in the global cost of oil means you will pay more in the coming weeks. "But if you're bringing home two-thirds of your pay packet after the cost of petrol, it's becoming really not worth it.” Fuel costs climb Petrol prices around the country are rocketing. US President Joe …

Q&A: Forecasters say gasoline prices likely to remain high
2 years, 9 months ago

Q&A: Forecasters say gasoline prices likely to remain high

Associated Press  

DALLAS — Gasoline prices have smashed a 2008 record and are likely to head even higher, further fueling inflation and hitting consumers and businesses that are still coming to grips with the pandemic. After averaging $2.69 a gallon in 2019, U.S. gasoline prices collapsed as COVID-19 forced offices and businesses to close in early 2020. “Oil companies don’t set the …

Perth petrol price set to break records on back of Ukraine uncertainty and COVID-driven demand
2 years, 9 months ago

Perth petrol price set to break records on back of Ukraine uncertainty and COVID-driven demand

ABC  

The price of petrol is set to surge to a record high of an average $2.09 per litre in Perth on Wednesday, with consumer authorities urging motorists to fill up now. Key points: Petrol prices will surge an average of 30 cents on Wednesday Queues are expected at petrol stations ahead of the hike The war in Ukraine is contributing …

Petrol creeping closer to $2 a litre in Australia as oil price surges, while ASX opens higher
2 years, 9 months ago

Petrol creeping closer to $2 a litre in Australia as oil price surges, while ASX opens higher

ABC  

Oil prices have hit an eight-year high and economists are predicting that the average price of petrol at the pump in Australia will soon reach $1.87 a litre. Key points: The price of oil is at an eight-year high and that is hitting the cost of petrol at the pump in Australia European markets traded up overnight after sustaining losses …

Petrol hits all-time high of 151p per litre while diesel soars to record 155p amid Ukraine crisis
2 years, 9 months ago

Petrol hits all-time high of 151p per litre while diesel soars to record 155p amid Ukraine crisis

Daily Mail  

Petrol prices have skyrocketed to their all-time highest level as Russia's brutal war in Ukraine continues to hit Britons in the pocket. Crude oil barrels last week soared to over $100 per barrel for the first time since Russia's last foreign excursion into Crimea in 2014. Pictured: Ashford in Kent today Russia's invasion of Ukraine is continuing to cause price …

Russian invasion of Ukraine threatens to push petrol prices to £1.60 a litre
2 years, 10 months ago

Russian invasion of Ukraine threatens to push petrol prices to £1.60 a litre

The Telegraph  

Petrol prices could soar to £1.60 a litre after Russia’s invasion of Ukraine, the RAC has warned, with food and energy bills also poised for new record highs. Economists said that the headline rate of inflation in Britain would now hit 8.2 per cent in April, up from a previous estimate of 6.7 per cent and more than four times …

Will petrol prices rise above $2 a litre?
3 years ago

Will petrol prices rise above $2 a litre?

ABC  

Petrol prices are soaring. It says it isn't producing too much oil at the moment because there's a chance that further COVID outbreaks could derail the already fragile global recovery, and that would undermine global oil demand again. However, he also said global oil prices had dropped over 10 per cent in the last month and that it would hopefully …

Petrol, diesel prices unchanged for 16th straight day. Check details
3 years, 4 months ago

Petrol, diesel prices unchanged for 16th straight day. Check details

India Today  

Petrol and diesel prices remained unchanged on Monday despite a slight drop in international crude oil prices. Although fuel prices have not been hiked, both petrol and diesel rates remain at record at all-time highs across the country. As of today, petrol is retailing at Rs 101.84 per litre in New Delhi and over Rs 107 per litre in Mumbai. …

Sigh of relief? Oil companies may cut retail price of petrol, diesel over next few days
3 years, 5 months ago

Sigh of relief? Oil companies may cut retail price of petrol, diesel over next few days

India TV News  

Oil marketing companies kept the retail price of petrol and diesel unchanged on Friday to analyse the global oil price movement before making further revisions. Fuel prices were revised upwards on previous two days taking the retail price of petrol over the century mark all across the country. Similarly, diesel price in the capital also rose by Rs 8.89 per …

Oil hits new high near $75 on demand rise, falling inventories
3 years, 6 months ago

Oil hits new high near $75 on demand rise, falling inventories

Live Mint  

Oil gained for a fifth day on Wednesday, climbing towards $75 a barrel to its highest since April 2019, supported by a recovery in demand from the pandemic and a drop in US crude inventories. The American Petroleum Institute reported US crude inventories fell 8.5 million barrels, two market sources said, more than analysts forecast. "Even non-energy traders are placing …

Petrol prices soar to highest level in nearly two years
3 years, 6 months ago

Petrol prices soar to highest level in nearly two years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Motorists hitting the road to …

Petrol and Diesel Saw Steepest Lifetime Hike in Prices in the Last 12 Months: Report
3 years, 10 months ago

Petrol and Diesel Saw Steepest Lifetime Hike in Prices in the Last 12 Months: Report

News 18  

The prices of petrol and diesel saw their steepest lifetime hikes over the last year. The rise in taxes by the Centre and State governments after international crude prices reached $19 a barrel last April is a major reason behind the current high price. Data on fuel prices since 2003 accessed by Moneycontrol indicate that, in percentage terms, the highest …

Petrol, Diesel Prices at Fresh Highs as Rates Rises for Second Straight Day
3 years, 10 months ago

Petrol, Diesel Prices at Fresh Highs as Rates Rises for Second Straight Day

News 18  

Petrol and diesel prices on Wednesday scaled new highs in the country as rates were hiked for the second day in a row. Petrol price was hiked by 30 paise per litre and diesel by 25 paise a litre, according to a price notification of state-owned fuel retailers. Diesel rates rose to Rs 77.73 per litre in the national capital …

Petrol Price Inches Closer to Rs 100 in MP District, Dealers Say People Travelling to Maharashtra for Fuel
3 years, 10 months ago

Petrol Price Inches Closer to Rs 100 in MP District, Dealers Say People Travelling to Maharashtra for Fuel

News 18  

The soaring prices of petrol and diesel are squeezing the common man across the nation, but the people in Balaghat district of Madhya Pradesh are shelling the most from their pockets for fuel. On Monday, the Naxal-affected district recorded one of the highest prices of petrol anywhere in the country at Rs 95.66 per litre, while branded petrol sold at …

Petrol prices continue to scale higher, selling at record ₹84.70/litre in NCR
3 years, 11 months ago

Petrol prices continue to scale higher, selling at record ₹84.70/litre in NCR

Live Mint  

NEW DELHI: Domestic petrol prices have continued to scale higher, with oil marketing companies raising prices again on Thursday. Retail prices of petrol and diesel were raised by 25 paise per litre on Thursday. Petrol prices in Delhi in the new year so far have risen by 99 paise per litre, including today's increase. Higher fuel prices come in the …

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