Petrol Prices Skyrocket, Drivers Feel Pinch

0:00Here's more Sydney news for March 10th. National petrol prices jumped 17 cents over the week ending March 8th, hitting an average of 198 cents per liter, according to the Australian Institute of Petroleum. Diesel prices climbed 15.6 cents to 196.5 cents per liter. This marks a sharp increase from the recent 12-week average of 176.5 cents for petrol. Meanwhile, some cities saw even bigger hikes, like Sydney, where prices rose nearly 30 cents, while Canberra only went up 8.8 cents. Metro areas averaged 203.5 cents, and regional spots reached 186.7 cents. wholesale petrol prices also rose 6.8 cents to 161.2 cents by March 6th. Drivers are filling the pinch. With NRMA spokesperson Peter Corey expressing concern over wholesale prices, nearing record highs. He pointed out that major cities like Sydney, Melbourne, and Brisbane saw immediate pump increases without the usual delay, right as they hit cycle. Peaks. Panic buying

1:05has led to shortages as some regional stations. The surge ties back to global oil market chaos, sparked by US and Israeli strikes on Iran last weekend, igniting Middle East conflict. This has caused massive volatility since then. Analysts warned of more ups and downs ahead, with crude oil possibly reaching 150 US dollars per barrel if the war drags on in disrupts. The Strait of Hormuz. Experts hope for de-escalation soon to avoid demand destruction from sky-high prices, and Curry urges motorists to skip stockpiling to stabilize. Supplies. This DNN story comes to you thanks to our sponsor. Sali Pillow is a pillow with built-in headphones, lay back, press play, and disappear into what you are listening to. S-O-L-I. SaliPillow.com