New threat to Labour spending plans as UK long-term borrowing costs hit highest level since 1998
By Heather Stewart and Alex Daniel

Inflation fears fuelled by Iran war and renewed uncertainty over Starmer’s leadership prompt bond sell-off

https://www.theguardian.com/business/2026/may/05/uk-borrowing-costs-bond-yields-gilts-rachel-reeves

#Gilts #Bonds #Economics #Business #RachelReeves #Politics #UKnews #Governmentborrowing #Economicpolicy #Financialsector #Petrolprices #Budgetdeficit #Taxandspending #EconomicgrowthGDP #Motoring #UKcostoflivingcrisis #Inflation #Interestrates #HeatherStewart #AlexDaniel

Australia gives $30m to Fiji to help fuel prices in Pacific nation
By Stephen Dziedzic

The Australian government says the funding will help Fiji combat rising fuel prices and support its role as a regional fuel hub.

https://www.abc.net.au/news/2026-05-06/australia-gives-30-million-to-fiji-to-help-rising-fuel-prices/106647810

#OilandGas #PetrolPrices #GovernmentandPolitics #FederalGovernment #UnrestConflictandWar #War #WorldPolitics #ForeignAffairs #Trade #DefenceandNationalSecurity #StephenDziedzic

More than $10 billion to boost fuel supplies and emergency stockpiles
By Stephanie Borys

More than $10 billion will be spent bolstering Australia's fuel security as the federal government attempts to shield the nation from the long-term consequences of the war in Iran.

https://www.abc.net.au/news/2026-05-06/government-commits-10-billion-for-australian-fuel-supply/106582514

#FederalGovernment #GovernmentandPolitics #FederalParliament #Budget #PetrolPrices #WorldPolitics #OilandGas #StephanieBorys

Fuel price rises in Australia slow as costs soar in the US. Here's why
By Ahmed Yussuf

Fuel prices in Australia have started to moderate just as costs have reached an almost four-year high in the United States.

https://www.abc.net.au/news/2026-05-06/fuel-prices-rising-in-us-as-costs-stabilise-in-australia/106630042

#PetrolPrices #Economy #OilandGas #AhmedYussuf

Reserve Bank lifts interest rates by another 0.25pc, to 4.35pc
By Gareth Hutchens

The RBA has lifted rates by 0.25 basis points, to 4.35 per cent, which fully unwinds last year's rate cuts.

https://www.abc.net.au/news/2026-05-05/reserve-bank-lifts-interest-rates-by-0-25pc-to-4-35pc/106639202

#InterestRates #MonetaryPolicy #Inflation #GovernmentandPolitics #PetrolPrices #UnrestConflictandWar #GarethHutchens

UK petrol and diesel drivers risk £100 fine and 3 points while hunting for cheap fuel

https://fed.brid.gy/r/https://www.mirror.co.uk/news/uk-news/uk-petrol-diesel-drivers-risk-37110361

As fuel costs soar, cycling advocates argue our priorities are all wrong
By Roxanne Fitzgerald

Bike shops in Darwin are experiencing soaring demand as more people turn to one of the oldest and simplest alternatives to cars amid skyrocketing fuel prices, but advocates say the federal government is still prioritising drivers.

https://www.abc.net.au/news/2026-05-04/ebikes-surge-fuel-crisis-cars-darwin-wait-list-iran-war/106612904

#Cycling #PetrolPrices #CostofLiving #RetailIndustry #RoxanneFitzgerald

Government announces program to unlock land for oil infrastructure
By Ned Hammond

The state government has announced the Accelerating Fuel Infrastructure Program, which it says is intended to ease fuel costs and protect against future price shocks.

https://www.abc.net.au/news/2026-05-03/qld-state-land-unlocked-oil-storage-refineries-ports/106635842

#OilandGas #StateandTerritoryGovernment #RegionalDevelopmentandPlanning #PetrolPrices #NedHammond

Nomadic family says 'dream is more powerful' than surging fuel prices
By Courtney Yeandle and Sean Murphy

While many Australians are thinking twice about big road trips due to fuel costs, the Sharavnyam family from Mongolia is determined to fulfil a dream to travel the world.

https://www.abc.net.au/news/2026-05-03/fuel-prices-not-stopping-mongolian-family-travelling-the-world/106596256

#RoadTrips #PetrolPrices #TravelandTourism #FamilyandRelationships #CourtneyYeandle #SeanMurphy