Explore the latest developments concerning WA regional petrol.
WA regional petrol stations begin rationing fuel as Iran war hits home
Some service stations are closing some of their pumps. (ABC Midwest & Wheatbelt: Chris Lewis)
Some WA towns have begun restricting fuel sales to emergency service authorities only, closing petrol pumps to motorists.
It comes as fuel wholesalers ration their stock in response to the Iran war.
Federal Energy Minister Chris Bowen said panic buying, not supply issues was contributing to shortages.
Towns in regional WA have begun rationing fuel, selling it for emergency purposes only as the war in the Middle East begins to impact the state.
Drivers in at least two small towns are now barred from buying fuel, with supply reserved for emergency and essential services only.
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ASX plunges $90bn amid spike in oil prices over Middle East crisis
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Global oil prices surge past the US$100 mark for the first time since 2022
Global oil prices surged past the $100 (£74, AU$142) a barrel mark for the first time since 2022 as escalating military aggression in the Middle East continues to wipe 20m barrels of oil from the market each day.
Brent crude, the international benchmark, jumped 16.6% to $108.10 a barrel as the new week’s trading began in the Asia Pacific markets, the first time that market prices have soared above this key psychological threshold since Russia’s invasion of Ukraine.
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