Labor Backs ‘Strong’ Fuel Supply as Petrol Prices Bite
Australia’s fuel security remains strong and secure despite an ongoing volatile war causing more pain for drivers at the bowser, the government says. Petrol and diesel prices have been steadily rising after government discounts to the fuel excise ended on Aug. 3, while at the same time escalating tensions in the Middle East have seen a global spike in the price of oil.
Australia’s fuel security is stable despite global oil price volatility and the recent end of government fuel excise discounts, according to Energy Minister Chris Bowen. Prices at the bowser have been increasing following the cessation of these discounts on August 3rd, coinciding with heightened tensions in the Middle East that have driven up global oil prices. Bowen affirmed that the international situation has been unpredictable, but Australia’s fuel supply has remained consistently solid.
- Australia’s fuel security is strong and secure, according to the government.
- Petrol and diesel prices are rising due to the end of government fuel excise discounts on August 3rd.
- Escalating Middle East tensions have caused a global spike in oil prices.
- Energy Minister Chris Bowen stated that Australia’s fuel security has remained stable and solid despite international volatility.
- Bowen ruled out any extension of the fuel excise discounts.
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