Diesel prices across Australia could surge beyond $3 a litre as Trump eyes cut to US fuel exports

Rising fuel prices have reached their highest levels since early April, intensifying concerns over inflation and increasing pressure for another interest rate hike. The situation could worsen if U.S. diesel exports are disrupted, potentially pushing Australian diesel prices above $3 per litre amid stalled negotiations with Iran. Economists warn the surge in costs will further strain household budgets and economic stability. For real-time updates, follow the latest developments in Australia’s energy and financial markets.

Fuel costs have risen to levels not seen since early April, adding to risk of inflation and interest rate hikeFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralian diesel prices could surge above $3 a litre if Donald Trump cuts off US diesel exports amid floundering negotiations with Iran.Fuel costs have risen to levels not seen since early April, adding to inflation risks and making another hike in interest rates all but certain. Continue reading...