NewsBite

Petrol prices

This Month

Peter Dutton fills up cars during the election campaign to spruik the Coalition’s fuel tax cut promise.

Meet the bowser boy-in-chief: Dutton flicks switch to showtime

Peter Dutton showed up in a big rig to spruik a promised fuel tax cut. But it was tradies’ utes on his mind when asked about his problem with women voters.

March

Prime Minister Anthony Albanese, centre, Treasurer Jim Chalmers and Finance Minister Katy Gallagher with the budget papers.

Tax cut could leave 1.3m paying higher rate on super than income

The surprise tax cut in the budget will make the lowest income tax rate 14 per cent from 2027, but the concessional rate on super will stay at 15 per cent.

Barnaby Joyce said the Coalition needed to focus on energy costs.

Barnaby Joyce makes election pitch from the Qantas Chairman’s Lounge

Armed with a plum as a prop, the former Nats leader chose one of the country’s most exclusive clubs to tell voters he understood their cost of living stress.

Peter Dutton’s proposed fuel excise cut will benefit wealthier households, economists say.

‘Bonkers’: Economists slam Dutton’s fuel excise cut

The opposition leader’s promise to halve the fuel excise is a populist sugar hit that will disproportionately favour the wealthy and do little to fix the budget, economists say.

Opposition Leader Peter Dutton and Treasurer Jim Chalmers have traded blows on cost-of-living.

It’s on: Both sides launch into each other in tax cut duel

The Coalition says it will wind back Labor’s surprise tax cuts if it wins power, while Jim Chalmers says that decision will haunt Peter Dutton for every day of the campaign.

Advertisement
The oil price trickles lower and strategists reckon Donald Trump will do what he can to keep it going that way.

The Trump slump that could be good for Australia’s war on rising costs

While the RBA is worried global tariffs could hit Australia’s economy, commodities strategists say the oil price will keep sinking. That’s important.

February

Viva Energy CEO Scott Wyatt in an On the Run store in Melbourne in August.

Petrol station owner Viva Energy smashed as 2025 outlook disappoints

The owner of the Shell-branded network has suffered a heavy sell-off in its shares after underwhelming analysts with its guidance.

October 2024

A gas flame at the Salman Oil Field operated by the National Iranian Offshore Oil Co. Traders are anxious that Israel may strike Iranian oil assets.

Petrol price spike threat as Israel ponders hit on Iranian oil fields

The rising threat of a regional war in the Middle East also scuppered the ASX’s three-week winning streak, which had sent the local bourse to record highs.

September 2024

Petrol prices in Melbourne and Sydney had climbed dramatically in the lead-up to Christmas as retailers capitalised on demand from holidaymakers.

Relief for motorists as oil price slides to its lowest point this year

But the decline has wreaked havoc on the ASX energy sector – already one of the worst-performing of the year to date – with Santos and Woodside both down.

August 2024

Viva CEO Scott Wyatt at an On the Run petrol station convenience store in Moonee Ponds, Melbourne. Photo: Louis Trerise.

Viva CEO Scott Wyatt rolling out EV chargers at his own pace

Mr Wyatt said Viva’s charger rollout matches the faltering uptake of electric vehicles, which works in the petrol station group’s favour.

Queensland Labor wants to cap fuel price rises and open 12 state-owned service stations.

‘Wildly bizarre’: Qld Labor’s petrol price pledge panned

Queensland’s extraordinary bid to open publicly owned petrol stations was panned by industry and economists.

July 2024

Uber is changing how it calculates prices, enraging the transport union but relieving customers.

Uber cuts prices – but also pay rates for drivers

The company is expected to pull prices back by up to 5 per cent despite rising costs of insurance and fuel.

May 2024

NPD has 109 fuel sites across New Zealand’s North and South islands.

Carlyle, Amicaa fund $128m management buyout of NZ fuel retailer NPD

Street Talk can reveal the pair have signed off on a debt financing deal to fund a management buyout the 55-year-old family-owned business.

Cairns removalist Jesse Bradley says the rising cost of diesel is biting his business.

Transport costs up 10 per cent nationwide as petrol stokes inflation

The rising cost of diesel in the past three years has put a dent in Jesse Bradley’s removalist business based in Queensland.

Transurban chief executive Michelle Jablko wants to make it clearer to motorists how much benefit they are getting from her tollroads.

Transurban wants more drivers to see the benefit of toll fares

In a strategy presentation to investors, the motorway giant’s chief executive Michelle Jablko said the focus would be on ‘running the business better’.

Advertisement

April 2024

The WestConnex in Saint Peters. Sydney motorists are currently paying much higher prices for petrol.

Melbourne, Brisbane should brace for bowser hit, retailers warn

Brent crude is up about 17 per cent since the start of the year, driven by supply concerns and escalating tension in the Middle East.

A crude oil tanker moving along the Suez Canal. The area has been difficult territory for tankers, pushing up oil prices.

Sydney petrol hits record as traders brace for Israel retaliation

Petrol prices have steadily climbed with a higher oil price as analysts warn Brent could hit $US100 a barrel from the escalating tension in the Middle East.

The Issa brothers purchased Woolworths petrol stations in Australia in 2018.

British petrol station billionaires face Australian nightmare

Mohsin and Zuber Issa spent $1.7 billion to buy hundreds of Australian petrol stations in 2018 - but are now looking to sell.

March 2024

Why Formula 1’s fuel is going green

Pat Symonds wrote the rules that will compel Formula 1 cars to run on carbon-neutral fuel from 2026. Big oil companies are now racing to find solutions.

Federal Transport Minister Catherine King and Climate Change and Energy Minister Chris Bowen announce the government’s proposed fuel efficiency standard in Melbourne on 4 February, 2024.

Car makers’ case against fuel standards misses the point: Grattan

A report by The Grattan Institute says proposed new fuel standards will raise car prices “by about only 1 per cent” and are critical for Australia to meet its 2050 net-zero emissions goal.

Original URL: https://www.afr.com/topic/petrol-prices-60m