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Petrol prices

This Month

Price differences of more than 50¢ a litre can be found between the cheapest and most expensive fuel options in Melbourne and Sydney.

How to save $25 on your next tank of petrol

With significant price differences in some neighbourhoods, fuel experts say it pays to shop around in the lead-up to Christmas.

  • Updated
  • Gus McCubbing
Some drivers are curbing car trips in response to soaring petrol prices.

Petrol prices drop 30¢ at the bowser as oil slumps

It is good news for motorists as NRMA says petrol prices are expected to fall further across the country, unless you live in Sydney.

  • Joanne Tran

November

Marion Kohler, RBA acting assistant governor.

RBA warns of ‘bumpy’ inflation fight

The Reserve Bank has warned of a prolonged campaign to reduce inflation, as it grapples with strong domestic price pressures in services and petrol price shocks.

  • John Kehoe
Viva CEO Scott Wyatt in Sydney after speaking to investors on Thursday.

Viva to supersize returns from petrol stations

The push into convenience retailing means Viva Energy may be discussing dropping the ‘energy’ part of its name in five years, says CEO Scott Wyatt.

  • Angela Macdonald-Smith
Joel Pravin Vijayakumar wanted to lower his transport emissions but opted to buy a Mitsubishi Outlander hybrid instead of a pure EV because it was lower cost but still better for the environment than a petrol or diesel vehicle.

We’re buying hybrids instead of EVs, and it’s a problem for Labor

Cash-strapped buyers unable to afford EVs are snapping up hybrids, posing a cost-of-living challenge to proposed Labor emissions rules.

  • Jacob Greber and Tom Rabe
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Petrol prices are expected to fall in cities such as Sydney in the coming weeks.

Petrol prices to drop as Middle East supply fears ease

NRMA said prices in some Australian cities were hitting the top of their cycle as geopolitical tensions in the Middle East appeared to have subsided.

  • Joshua Peach

October

Jim Chalmers.

Chalmers resists RBA rates risks

Treasurer Jim Chalmers has resisted predictions from economists that strong inflation data will force the RBA to raise the cash rate up to two more times.

  • Updated
  • Michael Read
Crude’s drop followed a plunge in gasoline futures.

Viva underperforms on Geelong refinery troubles

Repairs were expected to be completed by the end of September, but Viva is not finding it that simple to return to full-tilt production.

  • Elouise Fowler
Musician Hanna Oblikov has been carpooling to gigs and renting dresses instead of buying them to deal with the rising cost of living.

‘Only buy stuff for our kids’: Families pull back on spending

Petrol prices are just one of the rising costs pushing cellist Hanna Oblikov to cut back on new clothes and eating out – and research shows she’s not alone.

  • Euan Black
Jim Chalmers has warned conflict in the Middle East could drive oil prices higher.

Chalmers warns Mid-East conflict to drive inflation

The treasurer warns the crisis could further drive up oil prices, as economists predict inflation figures may trigger another interest rate rise.

  • Updated
  • Michael Read
Drivers are feeling pain at the pump as petrol prices climb.

Why petrol over $2 a litre will hit differently this time

Companies facing higher costs will have less capacity to pass them onto already struggling customers, meaning profit margins will be squeezed by pricey fuel.

  • Ronald Mizen
Prime Minister Anthony Albanese remains hopeful most Australians will vote yes at the Voice referendum.

No ‘on the run’ cut to fuel excise: Albanese

The prime minister has blamed Russia’s invasion of Ukraine and global oil market movements for soaring petrol prices.

  • Tom McIlroy

September

Petrol prices are one of many things elevating Australia’s inflation figures.

Soaring petrol prices tipped to fuel Australian inflation rebound

The market forecasts headline inflation data to climb to 5.2 per cent for the 12 months to August. The higher oil prices are hurting equities markets in the US.

  • Tom Richardson
High petrol prices are adding to cost of living pressures in Australia.

Fuel price jump hits households and inflation outlook

Spending on petrol jumped 9.5 per cent last month as households grapple with a surge in fuel prices that is expected to add to Australia’s inflation problem.

  • Michael Read
Petrol prices have been higher than $2 a litre for weeks.

Prolonged high petrol prices put pressure on inflation

The start of the war in Ukraine pushed up oil and petrol prices last year and they are showing no signs of going down, putting pressure on inflation and another interest rate rise.

  • Updated
  • Mark Ludlow
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August

7-Eleven has been put up for sale by its shareholders via Azure Capital.

Ampol walks the fine line between dividends and growth

Ampol has kept some capital up its sleeve, at the same time as one of its competitors is up for sale. Is it a coincidence?

  • Anthony Macdonald
Petrol prices across the state capitals have hit 13-month highs, according to NRMA.

Petrol price hits 13-month high, adding to inflation pain

The surge in fuel prices follows a weeks-long global oil rally, which has sent the price of crude up 30 per cent since the start of last month.

  • Joshua Peach

July

7-Eleven has 745 corporate-owned and franchised stores in Australia, 610 of which sell fuel and merchandise. The rest sell merchandise only.

7-Eleven sales pitch pits $1 coffee against cut-price fuel

Fuel or convenience retailer? That’s the debate raging over 7-Eleven’s Australian arm, as its owners collect indicative bids, and for which Ampol is a contender.

  • Updated
  • Anthony Macdonald
Viva Energy chief executive Scott Wyatt and OTR Group’s Yasser Shahin in April. Approval from the competition regulator may present risk to Viva Energy’s plan to acquire OTR Group.

ACCC eyes fuel, grocery price rise concerns in Viva’s OTR takeover

The ASX-listed energy group said in April that it had reached an agreement to buy the 205-strong network of On the Run outlets for $1.15 billion.

  • Updated
  • Kylar Loussikian

April

Petrol prices fell for the first time in almost two years in the September quarter.

Petrol prices could hit $2.20 after OPEC+ trimmed oil production

Petrol prices are likely to increase after Easter following OPEC+’s surprise decision to tighten oil production, with experts warning of more price spikes to come.

  • Campbell Kwan