Petrol news headlines

Oil prices rose above $91 a barrel Monday as diplomatic efforts to address the crisis in the Middle East intensified.

Over the past year, the number of households that have fallen a month or more behind in mortgage repayments has increased in every state and territory

Why are prices rising to record levels, and when are they likely to start declining? Let's take a look.

A Fuel transfer terminal spilled more than 9,000 litres of diesel in the Kurnell area in April 2022.

Petrol prices have hit a record high, prompting advice for motorists to be cautious of where they fill up.

The average price of regular unleaded hit an equal record high of $2.18 a litre across Sydney.

A major deal could see the familiar sight of a Coles Express disappear from Australian servos.

New data shows a nerve-wracking upward trajectory in coming weeks, as average prices climb as high as 214.6 cents a litre.

Petrol prices have hit a 13-month high for Australia, with drivers urged to shop around for the best deal.

Some petrol stations across Melbourne have prices nudging $2.40 a litre.

The alcohol excise is not the only price hike Australians face on a regular basis – there's a range of products, services and penalties that regularly get more expensive.

Petrol prices are the lowest they have been in many months with the national price of unleaded sitting at $1.75 per litre.

Motorists have been issued with a grim warning

One of Australia's largest convenience retailers 7-Eleven is up for sale, with two families set to potentially have a multi-billion dollar pay day.

Owner Clint Weber was working at his service station in Toowoomba when he recognised a car on the shop's security camera feed.

A chain of petrol stations and convenience chains with more than 160 branches across parts of Australia has been sold for $1.15b.

Petrol prices are back on the rise, with experts saying prices are not expected to drop until ANZAC day weekend. 

The government introduced laws two years ago for petrol stations to report real-time petrol pricing to the state's consumer watchdog.

I've never seen so many household bills going up so steeply all at once. But right now there is one bill that's slightly cheaper than a year ago - petrol.

A large fire broke out at a fuel storage depot in Indonesia's capital on Friday, killing at least 17 people, injuring dozens of others and forcing the evacuation of thousands of nearby residents

BP's annual profit more than doubled last year to an all-time high of nearly $40.5 billion ($US28 billion), extending a record run of earnings for the world's oil majors that is fueling calls for higher taxes on the windfall gains.

A NSW fisherman has made a costly mistake while trying to put petrol in a speedboat, wasting a massive $536.76 worth of fuel.

Europe's largest oil company has doubled its profit on the back of soaring prices as a result of the war in Ukraine.

Fuel prices remain one of the biggest pressure points on household budgets.

With almost every other cost of living going up, Sydney motorists are enjoying petrol prices that have plunged 30 cents over the past month.

Fuel prices fluctuated throughout 2022 but 2023 may be no less volatile as global factors like the war in Ukraine continue.

East coast motorists have been warned they are facing a Christmas price surge despite wholesale prices in Sydney falling to the lowest level in months.

Some petrol stations just 1.5km apart had a price difference of up to 34 cents last week.

A national survey conducted by Finder found that of the 1,114 respondents, 53 per cent - an equivalent of 10.6 million Australians - admitted they will "struggle" to cover expenses over the holiday period.

NRMA spokesperson Peter Khoury told 9news.com.au that petrol prices have fallen to levels not seen in months.

Today prices were hovering around $2.06 on average per litre for regular unleaded, with E10 fuel for $1.73 per litre in some towns and suburbs.

BP's earnings more than doubled in the third quarter as the London-based energy giant benefited from high oil and natural gas prices following Russia's invasion of Ukraine.

Petrol prices are expected to soar by up to 40 cents a litre by next week nearly a month after the restoration of the fuel excise.

It comes as service stations and drivers are feeling the squeeze of petrol prices as the cost of living pressures hit the hip pockets of Australians.

Motorists have been urged to fill up their tanks with "cheap" petrol today while they can, before prices soar up to 40c a litre in some parts of the country.

OPEC recently announced a cut in oil production that is expected to have knock-on effects at bowsers around the world.

The OPEC+ alliance of oil-exporting countries has decided to sharply cut production to support sagging oil prices, a move that could deal the struggling global economy another blow and raise petrol prices at the bowser.

Data shows drivers have been slugged with skyrocketing petrol prices, even though retailers are paying less and less for the product.

Today is the last day Australians will be able to take advantage of a petrol price cut at the bowser.

It's best you fill up before the start of next month, because petrol prices are about to skyrocket.

The supermarket giant is selling all 710 of its Coles Express petrol stations to Viva Energy for $300 million.

Motorists shouldn't be confronted with a spike in petrol prices when the 22 cent fuel tax relief ends next week, Treasurer Jim Chalmers says.

Almost five million Australians will get a necessary increase to their welfare payments tomorrow as the government aims to ease the cost of living burden. 

Motorists are being urged to fill up on petrol ahead of what is expected to be a 'double whammy' for petrol prices in Australia.

Fill up your car this month, because in a few weeks, Australia will go from cheaper than average to pricier than average - compared to the rest of the world.

Homeowners are bracing for a fresh cost of living hit amid expectations of a six-year first for interest rates.

California plans to require all new cars, trucks and SUVs to run on electricity or hydrogen by 2035 under a policy approved today by regulators that seeks a dramatic cut in carbon emissions and an eventual end to gasoline-powered vehicles.

A prolonged war in the South China Sea would threaten 90 per cent of Australia's fuel imports and supplies would run out after two months, a study released today warns.

Residents in the area rushed to collect leaked gasoline despite warnings of possible fire and explosion, causing the high casualty tolls.

Sky-high petrol prices are fuelling frustration among Perth drivers after the cost of the average commute jumped by more than a third in the past year.