29/10/2026
Fuel prices are putting extra pressure on Australians’ wallets.
A new international report reveals that rising petrol and diesel prices have cost Australia over $14 billion since March 2026, with an estimated $546 extra per person on average.
Australia ranks third in the world for additional fuel costs per person, behind the United States and Canada.
Why is Australia paying so much?
Australia imports more than 90% of its oil and relies heavily on diesel for trucks, farming, mining and transporting goods.
When fuel becomes expensive, transport costs rise, making groceries, food and everyday essentials more expensive too.
Experts believe switching to electric vehicles and reducing diesel dependence could help protect Australians from future fuel price shocks.
The bottom line: Even if you don’t drive a car, rising fuel prices can still affect your household budget through higher prices at the supermarket.
Source: SBS News | 29 October 2026
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