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Australia's Fuel Tankers Cancelled, Prices Surge

Australia's Fuel Tankers Cancelled, Prices Surge

Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!

March 21, 20261m 9s

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Show Notes

Australias Energy Minister Chris Bowen addresses fuel disruptions due to Middle East conflict, with six tankers cancelled or deferred. Global oil prices surge, causing higher petrol and diesel costs, and potential inflation pressure. Despite concerns, Australia has ample reserves and no immediate risk of rationing. Officials advise responsible purchasing to avoid demand spikes.

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