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.
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.
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.
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.
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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RecommendedChancellor 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.
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.
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.
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.
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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RecommendedVehicle-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 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 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.
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.
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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RecommendedFCC 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 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.
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.
Thailand's farmers face severe hardship as skyrocketing petrol prices drive up production costs, jeopardizing crop yields and national food security amid economic instability.
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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RecommendedAnalysis 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.
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.
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.
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.
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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RecommendedPrime 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.
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.
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.
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.
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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RecommendedThe UK government continues to block new oil and gas licences in the North Sea, sparking political clashes over energy security, bills, and climate goals.