ABC News & Headlines – Australian Broadcasting Corporation·2 min read·medium
Petrol prices tipped to rise across Australia, squeezing household budgets
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Shannon Corvo, Julia André
✦AI Summary
Petrol prices in Australia are rising due to increased geopolitical tensions in the Middle East, specifically near the Strait of Hormuz. While prices are climbing, experts suggest they remain below the record highs seen in April, though they warn of potential inflationary impacts.
Australia's peak motorist association says fuel prices have a long way to go before reaching April's record high. ( ABC News: Adam Griffiths )
economyworldbusiness
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