Topic Dossier
Australia Braces for Oil Prices Above $120 a Barrel
First article: 25 mar. 2026, 09:53
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Last update: 25 mar. 2026, 09:53
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1 article
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Editorial Analysis
Based on 1 source, 1 article
Australia is bracing for a potential surge in oil prices, with projections indicating that prices could climb above US$120 a barrel. The increase is already being felt at the pump, as diesel prices have surpassed $3 per liter across the country. This rise in fuel costs is expected to have a significant impact on various sectors of the Australian economy, including transportation, agriculture, and manufacturing.Articles about this topic
Foto: The Guardian
Australia prepares for oil prices above US$120 a barrel as diesel passes $3 a litre nationwide
Fuel stocks at same level as when US and Israel launched their war on Iran a month ago, energy minister saysFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe federal government is preparing for scenarios where global oil prices spike above US$120 a barrel, as diesel prices nationwide go past $3 a litre and the prime minister, Anthony Albanese, plans another national cabinet meeting to plan petrol supply.The treasurer, Jim Chalmer
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