Sydney Petrol Prices Surge, Fuel Shortages Cause Concern

0:00It's March 19th. Here's your Sydney news in two minutes. Petrol prices in Sydney have jumped 5 cents per liter in just 24 hours, hitting $2.38. New South Wales Premier Chris Men says, independent fuel retailers are facing the biggest supply headaches right now. This comes after Australia recorded its highest-ever average weekly petrol price of $2.19.5 last Sunday. Diesel has spiked even higher in remote spots. Reaching $3.5.9 per liter in Broken Hill and $3.15. $0.9 in far northwest to Bubera. Men's is urging drivers not to panic by, blaming distribution problems rather than a total lack of fuel. An in-RMA sportsperson agrees, pointing to surging demand from worried consumers as the real driver of shortages. Every day people are feeling the pinch too. A carpenter in the Blue Mountains, who drives 110 kilometers daily, just shelled out $170 to fill his diesel euth and he worries it's only getting worse for his business.

1:03Meanwhile, farming groups warn that ongoing diesel shortages could push up grocery prices soon as costs ripple through the supply chain. The competition watchdog has launched a probe into possible price gouging by big suppliers with calls growing to shield smaller retailers. This episode is supported by our sponsor, C Details in the description. What is cooler than cool? A pillow that plays your sound, S-O-L-I, solely pillow.com