ABC ONLINE | Petrol prices surge across Australia, long queues at fuel stations amid Middle East war
- Mar 3
- 1 min read
Fuel price spikes linked to conflict in the Middle East are beginning to flow through to Australian supply chains, with queues forming at service stations and warnings prices could rise by up to 40 cents per litre.
The volatility comes as global oil markets react to uncertainty around supply routes, particularly through the Strait of Hormuz, prompting concerns about cost impacts across agriculture.
Grain Producers Australia has warned the timing is particularly challenging for grain growers preparing for seeding.
GPA Chair Barry Large said the situation highlights the industry’s exposure to global shocks.
“The escalating conflict involving Iran has pushed oil prices sharply higher and really has reintroduced a geographical risk to the major driver of grain and inputs into market,” he said.
He said the uncertainty is adding pressure at a critical time in the production cycle.
“There certainly is uncertain times for the grains industry at the moment,” he said.
The surge in fuel prices is expected to flow through to farm operations and freight, reinforcing calls for greater focus on fuel security and supply resilience for Australian agriculture.
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