Adelaide Petrol Prices Surge, Emergency Meeting Called

0:00This is Corey, keeping Adelaide in the know, you're listening to Adelaide News today. Petrol prices in Adelaide have surged past $2 per liter, hitting close to $2.30 for regular unletted in $2.74, diesel, and most service stations. The spike comes from global supply issues tied to conflict in the Middle East and the closure of the Strait of Hormuz, the world's key oil trade. South Australia's premier Peter Malinowskas is chairing an emergency roundtable with industry leaders today at lunchtime to discuss fuel security and supply chains. Opposition leader Ashton Hurn is pushing the federal government to have the fuel excise tax for three months, which could save drivers about $16.00 on a standard tank. Meanwhile, the International Energy Agency plans to release 400 million barrels from emergency reserves soon, while the U.S. pushes for a naval coalition to reopen the Strait. This episode is supported by our sponsor.

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