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 Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast 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. Continue reading...