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Get our breaking news email , free app or daily news podcast Petrol prices increased by more than 10 cents a litre last week to reach a national average of 237.5c/L, as global oil supply disruptions intensify. The price of diesel, which is being squeezed by a shortage of refining capacity and high demand from commercial users, rose more than 13c to 286.7c/L, according to the Australian Institute of Petroleum . Economists have linked the recent price rises in crude oil, which affects petrol prices, to the enduring conflict between the US and Israel against Iran, and recent Ukrainian attacks on Russian refineries.
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Get our breaking news email , free app or daily news podcast Petrol prices increased by more than 10 cents a litre last week to reach a national average of 237.5c/L, as global oil supply disruptions intensify. The price of diesel, which is being squeezed by a shortage of refining capacity and high demand from commercial users, rose more than 13c to 286.7c/L, according to the Australian Institute of Petroleum . Economists have linked the recent price rises in crude oil, which affects petrol prices, to the enduring conflict between the US and Israel against Iran, and recent Ukrainian attacks on Russian refineries.
