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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 Thursday 24 September 2026, 06:18 UTC By Luca Ittimani 1 min read

Key Points

Fuel costs have risen to levels not seen since early April, adding to risk of inflation and interest rate hikeAustralian 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.

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.

Diesel (ORG) Australia (LOCATION) Trump (ORG) US (LOCATION) Donald Trump (PERSON) Iran (LOCATION)

Originally published by The Guardian World Read original →

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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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