Drivers Warned to 'Brace Themselves' for Major Change at Petrol Pumps
12 Articles
12 Articles
Petrol prices could soon jump 40 cents as Middle East conflict rages
Australians could see petrol prices rise as high as $2.20 a litre, as analysts warn the spike in oil prices fuelled by the Israel-Iran conflict will flow "directly to the pump". They fear a prolonged conflict could plunge the world into a global energy crisis that could last years rather than months, and say there is now a greater chance of a global recession.
Increases are recommended by one or two cents due to the fears of the war between Iran and Israel. But the price of black gold today has decreased by 3.6%.
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