The prime minister is set to unveil interest-free loans for freight, fuel and fertiliser companies hurt by the spike in fuel prices spurred on by the Iran war.
President Donald Trump, facing a war-weary American public and sliding approval ratings, has said in a speech that the conflict Iran will soon be ending.
Anthony Albanese is expected to fly into Singapore after the Easter break to shore up fuel supply agreements from Australia’s oil exporting neighbours.
The boss of Australian Energy Producers has joined an attack on ‘anti fossil fuel activists’ for dictating the nation’s energy policy and warned any windfall tax would lead to job losses.
The Treasurer has played down warnings from a former secretary of his department who has predicted Australia is ‘staring into the risk of stagflation’.
Anthony Albanese has urged Australians to go about their business as normal in a national address designed to reassure and keep the economy running during the war-induced fuel crisis.
Some of Australia’s fastest growing suburbs are also particularly car dependent. KPMG urban economist Terry Rawnsley has explained why these postcodes are the ground zero of the fuel crisis.
Seeing the war coming, the Schusters bought enough diesel to keep their business going through the winter. Few other Australians were as lucky, and now face the prospect of rationing.