Extra 1.12 cents a litre: Calls for petrol price hike to protect Australia’s fuel security

Australians would need to pay an additional 1.12 cents a litre for petrol in order to achieve fuel security, a new report has found. The report, written by BIS Oxford Economics and backed by the Australian Workers’ Union, argues that Australia must increase its fuel capacity by 4,000 million litres. By doing so Australia would reduce its need to rely on overseas sources – which could be heavily disrupted. “The pandemic has demonstrated an urgent […]