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Government says Australia has locked in another month's worth of fuel, but consumers brace for higher prices

Petrol stations facing fuel shortage as demand surges

A taxi driver refueling for his taxi on March 27, 2026 in Melbourne, Victoria, Australia Source: SIPA USA / TMHK via Nexpher Images/Sipa USA/AAP Image

The government says Australia has locked in another month's worth of fuel, as consumers and motorists brace for higher prices.


Key Points
  • With US President Donald Trump again lashing out at Iran, the government warns the impacts of this war could at best stretch on for months.
  • Diesel shortages continue, with over 270 service stations affected.
  • ACCC monitoring fuel stations over failure to pass on tax cuts

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