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Diesel prices across Australia could surge beyond $3 a litre as Trump eyes cut to US fuel exports

The Guardian World · 24 September 2026 at 07:18

Diesel prices across Australia could surge beyond $3 a litre as Trump eyes cut to US fuel exports

Fuel costs have risen to levels not seen since early April, adding to risk of inflation and interest rate hike Australian diesel prices could surge above $3 a litre if Donald Trump cuts off US diesel exports amid floundering negotiations with Iran.

Fuel costs have risen to levels not seen since early April, adding to inflation risks and making another hike in interest rates all but certain.

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Diesel prices across Australia could surge beyond $3 a litre as Trump eyes cut to US fuel exports

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