Petrol prices ‘ultimately going to rise’ after OPEC cuts production
Sky News Australia
6/04/2023
-
McGowan has ‘no regrets’ on his last day as premier
9News.com.au -
Three teens seriously injured in house fire
9News.com.au -
Third charged, extradited over 800kg cocaine bust
9News.com.au -
Concerns the pest could reach Sydney in the future
ABC News (AU) -
Study fines rise in vaping and smoking for young people
ABC News (AU) -
Prime Minister Albanese in Singapore for regional security forum
ABC News (AU) -
Minimum wage gets 8.6% boost and Ward wage is up 5.7%
ABC News (AU) -
Man and teenager boy found dead in Yamba home
ABC News (AU) -
Families lodge claim with the Human Rights Commission
ABC News (AU) -
Man arrested after Adelaide police pursuit
9News.com.au -
Two teens charged, three on the run
9News.com.au -
Almost 3000 Victorians caught driving without seat belts, on phones
9News.com.au -
NSW government's truck height blitz
9News.com.au -
Ex-Test cricketer cleared of intimidating woman
9News.com.au -
Friend 'terrified' by family of dead woman's partner
9News.com.au -
Father charged with murder over son’s death
9News.com.au
-
McGowan has ‘no regrets’ on his last day as premier Mark McGowan has declared he has no regrets about stepping down on his last day in the state's top job.
9News.com.au
-
Three teens seriously injured in house fire Three teenagers have been injured during a house fire in Geraldton, Western Australia.
-
Third charged, extradited over 800kg cocaine bust A third man has been charged and will be extradited to WA following the discovery of 800kg of cocaine on a cargo ship.
Sky News Business Editor Ross Greenwood says petrol prices are “ultimately going to rise” as oil prices have spiked since OPEC cut its production to one million barrels per day.
“When you look at the oil price, you can see it has spiked since OPEC decided this week to basically cut production by another million barrels,” Mr Greenwood told Sky News Australia.
“Stubbornly the price of petrol has not fallen in Australia … when the price of oil had previously been coming down, so it only really puts more pain on the motorist and therefore more pain potentially on inflation. "
© Provided by Sky News Australia
More from Sky News Australia
-
Donald Trump’s ‘concept of loyalty’ is not the same as his followers
Sky News Australia
-
Kevin McCarthy is a very ‘ground up’ type of leader: Mick Mulvaney
-
Democrats ‘love’ Joe Biden only because he can ‘beat’ Donald Trump
Sky News Australia
