Fuel price fears for Australia as global buffers dry up

Save You have reached your maximum number of saved items.

Remove items from your saved list to add more.

Share A A A Australian fuel companies are warning that global supply buffers that have shielded motorists from the full impact of the Iran war are rapidly depleting, raising the risk of steeper price rises at service stations if international inventories continue to tighten.

For months, governments and energy companies worldwide have been burning through their stockpiles of crude oil and refined fuels to make up for shipments disrupted by the closure of the Strait of Hormuz.