Petrol prices surge as Albanese government warns of no immediate relief

Petrol prices rose across Australia on Wednesday as the Albanese government warned that a ceasefire in Iran will not lead to cheaper fuel. Unleaded prices reached 227 cents a litre in Perth and 225.7 cents in Hobart. Energy Minister Chris Bowen urged Australians to avoid expecting immediate price reductions despite ongoing supply discussions with regional partners.

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Summary by Glance · Original reporting by The Guardian Australia