Labor Cuts Fuel Excise by 50% Amid Global Energy Crisis
Prime Minister Anthony Albanese announces a three-month fuel excise cut, saving motorists 26 cents per liter, alongside a new national fuel security plan to manage supply disruptions.
Category : Energy Utilities
China's Teapot Refineries Struggle Amid Soaring Oil Prices
Independent 'teapot' oil refineries in China's Shandong province, crucial to the nation's energy security, face mounting pressure as global crude prices surge, threatening their razor-thin margins and economic stability.
Australia Cuts Fuel Excise by Half to Ease Living Costs
The Australian government has announced a 50% reduction in fuel excise, a significant policy shift aimed at alleviating cost-of-living pressures for households and businesses nationwide.
National Cabinet Tackles Fuel Price Crisis Amid Oil Turmoil
Australia's National Cabinet convened to discuss strategies for mitigating soaring fuel prices, driven by a global oil crisis, with Labor and Coalition leaders debating economic impacts.
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Reeves and Miliband to Urge G7 to Follow UK Energy Lead
Chancellor Rachel Reeves and Net Zero Secretary Ed Miliband will call on G7 nations to emulate Britain's renewable and nuclear energy strategy at Monday's summit, amid global energy market instability.
UK Reviews EV Sales Mandate After Production Fall
The UK government is reviewing its electric vehicle sales quotas following the largest annual drop in car production since 1952, potentially signaling a policy shift.
Badenoch's 'Get Britain Drilling' Plan Targets Energy Prices
Conservative leader Kemi Badenoch unveils a three-point campaign to maximize UK oil and gas drilling, criticizing Labour's stance as energy prices soar due to Middle East tensions.
Minister: 'Fill Up Normally' Despite Soaring Fuel Prices
Education Secretary Bridget Phillipson advises motorists to 'fill up as normal' as petrol prices exceed 150p per litre, citing government preparedness despite Iran's blockade of the Strait of Hormuz.
Labour Minister Rejects Fuel Duty Freeze Calls
Education Secretary Bridget Phillipson says there's 'no need' to cancel the planned fuel duty increase, while industry awaits support for energy price shocks.
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EVs as Virtual Power Plants Could Solve UK Fuel Crisis
Vehicle-to-grid technology transforms electric cars into mobile batteries, potentially extending UK fuel reserves by weeks while earning owners money through energy sales back to the grid.
Regional Australia Fuel Crisis: Petrol and Diesel Prices Soar
Regional Australia is grappling with a severe fuel crisis, with petrol and diesel prices skyrocketing due to supply chain disruptions and global market pressures, impacting local economies and daily life.
Fuel Price Surge and Panic Buying: Global Crisis
Fuel prices have soared by 40% in Australia amid the US-Israel war on Iran, sparking panic buying worldwide. Experts explore the psychology behind stockpiling and how to curb it.
Badenoch's North Sea Drilling Plan Called 'Dangerous Fantasy'
Critics slam Kemi Badenoch's push to lift the ban on new North Sea oil and gas licenses, arguing it won't lower energy bills and threatens UK energy security.
Lightning Strike Creates 10-Foot Hole in Home, £20K Damage
A pregnant mother in North Yorkshire recounts the terrifying moment lightning struck her home, blowing a massive hole and causing extensive damage while her family was inside.
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FCC Chair Brendan Carr Pushes for US Telecom Upgrades
FCC Chair Brendan Carr emphasizes the need for enhanced telecommunications infrastructure in the US, focusing on broadband expansion and regulatory reforms to boost connectivity and economic growth.
Australia's Fuel Crisis Could Hurt Albanese Government
Australia faces a severe fuel crisis with back-to-back cyclones disrupting supply, potentially damaging Prime Minister Albanese's political standing amid rising costs and energy insecurity.
Gas Industry Fights New Tax as Political Momentum Builds
The Australian gas industry is mobilising against a potential new tax, warning it could damage trade relations with Asian partners, as support grows within Labor and the public for curbing wartime profits.
Fuel Price Surge Cripples Thai Farmers, Threatens Food Supply
Thailand's farmers face severe hardship as skyrocketing petrol prices drive up production costs, jeopardizing crop yields and national food security amid economic instability.
Albanese Unveils Fuel Security Powers to Underwrite Imports
Prime Minister Anthony Albanese announced new legislation to guarantee private sector purchases of fuel and fertiliser, urging Australians to avoid panic buying as the government steps in to secure supplies.
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North Sea Licenses Produce Just 36 Days of Gas, Study Finds
Analysis reveals hundreds of North Sea oil and gas licenses granted under the Conservatives have produced minimal gas, questioning claims of boosting energy security and cutting bills.
New Car Tax Rates: Drivers Face Up to £5,690 from April
Vehicle Excise Duty rates increase from April 1, 2026, with higher charges for most drivers. Zero-emission vehicles see changes, and luxury cars face additional fees.
UK Fuel Shortages: Asda Pump Issues Amid Price Surge
Petrol prices hit 150p per litre as Asda reports temporary shortages at some pumps. Industry experts confirm UK supply is stable, but drivers face higher costs ahead of Easter.
Thai Farmers Struggle as Middle East War Triggers Fuel Crisis
Thailand's agricultural sector faces severe disruption as fuel shortages and price hikes hit farmers. The crisis threatens rice production and global food security amid ongoing conflict.
Labor Downplays Fuel Supply Concerns Amid Cyclone and Snow
The Albanese government reassures no major petrol restrictions are planned, while Tropical Cyclone Narelle batters Western Australia and the Snowy Mountains see their first big snowfall of the year.
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Albanese Government Assures Stable Fuel Supply Amid Rising Prices
Prime Minister Anthony Albanese and Energy Minister Chris Bowen reassure Australians about fuel supply stability, as prices surge and the Coalition pushes for a halving of the fuel excise to ease cost-of-living pressures.
Greens Pressure Miliband to Decouple Electricity from Gas Prices
Green Party MPs have written to Energy Secretary Ed Miliband, urging immediate action to decouple electricity prices from gas, arguing the current system keeps bills artificially high despite renewable energy growth.
UK Reopens Teesside CO2 Plant with £100m to Avert Shortages
The UK government has approved £100m to restart the Ensus CO2 plant on Teesside, aiming to prevent shortages triggered by the Iran war and protect industries like food, healthcare, and energy.
Australia Fuel Crisis: Demand Spikes 25% Amid Iran War Fallout
Australian petrol stations report a 25% surge in demand, leaving hundreds without fuel. Governments plan for the 'biggest energy crisis in history' as pressure mounts for a national strategy.
Fuel Crisis Halts Australian Easter Travel Plans
Soaring petrol and diesel prices, coupled with fuel shortages, are disrupting Australians' Easter road trips, with regional tourism facing significant impacts.
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UK Halts North Sea Drilling as Energy Debate Intensifies
The UK government continues to block new oil and gas licences in the North Sea, sparking political clashes over energy security, bills, and climate goals.
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