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Sydney Drivers Hit Hard by Petrol Price Surge

Published 14 hours ago
Description

Sydney drivers face a twenty-five cent per litre petrol price surge, with motoring groups accusing retailers of price gouging amid the US-Israel conflict with Iran. The ACCC monitors for profiteering as average prices climb, despite global crude oil jumping only fifteen percent. Economists warn of potential inflation impact, with a sustained oil rise potentially adding zero point one percentage points to inflation each quarter.

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