Record petrol, diesel price hike imminent

Summary: Motorists across Australia are facing an imminent surge in petrol and diesel prices due to ongoing conflict in the Middle East and dwindling fuel reserves. Analysts predict prices could rise by 10-20% in just weeks, pushing regular petrol prices to around 250 cents per litre. With only 36 days of petrol supply in reserve, the situation exacerbates fears of increased costs at the bowser for consumers as geopolitical tensions persist.

Brands mentioned: Toyota, Ford