Australia will further cut fuel taxes to cushion households from rising prices as the Iran war upends global supply chains.
Pedestrians in front of a Louis Vuitton store in Sydney, Australia, on Thursday, July 24, 2025. Australia is scheduled to release consumer price index (CPI) figures on July 30. Photographer: Brendon Thorne/Bloomberg
Western Australia invoked emergency powers to force fuel suppliers to provide detailed information on their supply chains, as the nation seeks to manage an ongoing shortage spurred by panic-buying in the wake of the war in Iran.
Western Australia invoked emergency powers to force fuel suppliers to provide detailed information on their supply chains, as the nation seeks to manage an ongoing shortage spurred by panic-buying in the wake of the war in Iran.
A petrol station in Perth on March 23. Photographer: ANTONY DICKSON/AFP