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'Don't panic': minimal impact on fuel prices amid Middle East conflict

'Don't panic': minimal impact on fuel prices amid Middle East conflict

The Advertiser5 hours ago

AMID conflict in the Middle East, NRMA has urged drivers not to fear that fuel prices may rise.
Since the heated Iran-Israel conflict unfolded on Friday, the price of oil and fuel has jumped two cents, but NRMA spokesperson Peter Khoury says it's not a matter of concern for Aussie commuters.
"We don't want Australians to panic. We look at these things very closely. We're passing on information as it occurs from the Middle East, but we don't want people to panic, the numbers just aren't there yet," he said.
Mr Khoury said that prices fluctuate with any flare-up in the Middle East. He said oil prices went up about $6 a barrel.
"The wholesale price has gone up about two or three cents per litre. It's still $1.60, so we're not seeing a huge change in the oil price, certainly after Friday," he said.
"That's not to say that we aren't keeping a close eye on it. It's the Middle East, anything can happen."
Regular unleaded in Dungog cost $1.81 on Tuesday. In Maitland, it was selling for $1.77 per litre, $1.78 in Newcastle and $1.87.8 in Singleton.
"Diesel's not too far off those prices in the 170s, 180s. In Scone, it's $1.69, which is one of the better prices in the state," Mr Khoury said.
He said the price jump wasn't vast despite everything that has unfolded and reminded drivers not to panic.
"These numbers do not suggest even remotely that Australians should be panicking and flooding the service stations trying to fill up.," he said.
He encouraged people to research before fuelling up and utilise apps and websites to find the cheapest fuel.
"In all those towns, there is a spread of price differences and a gap between the cheapest and the most expensive service stations," he said.
Maitland's cheapest was $1.56 and the most expensive was $2 per litre.
In Newcastle, the gap between the cheapest and the most expensive was almost the same, Mr Khoury said.
AMID conflict in the Middle East, NRMA has urged drivers not to fear that fuel prices may rise.
Since the heated Iran-Israel conflict unfolded on Friday, the price of oil and fuel has jumped two cents, but NRMA spokesperson Peter Khoury says it's not a matter of concern for Aussie commuters.
"We don't want Australians to panic. We look at these things very closely. We're passing on information as it occurs from the Middle East, but we don't want people to panic, the numbers just aren't there yet," he said.
Mr Khoury said that prices fluctuate with any flare-up in the Middle East. He said oil prices went up about $6 a barrel.
"The wholesale price has gone up about two or three cents per litre. It's still $1.60, so we're not seeing a huge change in the oil price, certainly after Friday," he said.
"That's not to say that we aren't keeping a close eye on it. It's the Middle East, anything can happen."
Regular unleaded in Dungog cost $1.81 on Tuesday. In Maitland, it was selling for $1.77 per litre, $1.78 in Newcastle and $1.87.8 in Singleton.
"Diesel's not too far off those prices in the 170s, 180s. In Scone, it's $1.69, which is one of the better prices in the state," Mr Khoury said.
He said the price jump wasn't vast despite everything that has unfolded and reminded drivers not to panic.
"These numbers do not suggest even remotely that Australians should be panicking and flooding the service stations trying to fill up.," he said.
He encouraged people to research before fuelling up and utilise apps and websites to find the cheapest fuel.
"In all those towns, there is a spread of price differences and a gap between the cheapest and the most expensive service stations," he said.
Maitland's cheapest was $1.56 and the most expensive was $2 per litre.
In Newcastle, the gap between the cheapest and the most expensive was almost the same, Mr Khoury said.
AMID conflict in the Middle East, NRMA has urged drivers not to fear that fuel prices may rise.
Since the heated Iran-Israel conflict unfolded on Friday, the price of oil and fuel has jumped two cents, but NRMA spokesperson Peter Khoury says it's not a matter of concern for Aussie commuters.
"We don't want Australians to panic. We look at these things very closely. We're passing on information as it occurs from the Middle East, but we don't want people to panic, the numbers just aren't there yet," he said.
Mr Khoury said that prices fluctuate with any flare-up in the Middle East. He said oil prices went up about $6 a barrel.
"The wholesale price has gone up about two or three cents per litre. It's still $1.60, so we're not seeing a huge change in the oil price, certainly after Friday," he said.
"That's not to say that we aren't keeping a close eye on it. It's the Middle East, anything can happen."
Regular unleaded in Dungog cost $1.81 on Tuesday. In Maitland, it was selling for $1.77 per litre, $1.78 in Newcastle and $1.87.8 in Singleton.
"Diesel's not too far off those prices in the 170s, 180s. In Scone, it's $1.69, which is one of the better prices in the state," Mr Khoury said.
He said the price jump wasn't vast despite everything that has unfolded and reminded drivers not to panic.
"These numbers do not suggest even remotely that Australians should be panicking and flooding the service stations trying to fill up.," he said.
He encouraged people to research before fuelling up and utilise apps and websites to find the cheapest fuel.
"In all those towns, there is a spread of price differences and a gap between the cheapest and the most expensive service stations," he said.
Maitland's cheapest was $1.56 and the most expensive was $2 per litre.
In Newcastle, the gap between the cheapest and the most expensive was almost the same, Mr Khoury said.
AMID conflict in the Middle East, NRMA has urged drivers not to fear that fuel prices may rise.
Since the heated Iran-Israel conflict unfolded on Friday, the price of oil and fuel has jumped two cents, but NRMA spokesperson Peter Khoury says it's not a matter of concern for Aussie commuters.
"We don't want Australians to panic. We look at these things very closely. We're passing on information as it occurs from the Middle East, but we don't want people to panic, the numbers just aren't there yet," he said.
Mr Khoury said that prices fluctuate with any flare-up in the Middle East. He said oil prices went up about $6 a barrel.
"The wholesale price has gone up about two or three cents per litre. It's still $1.60, so we're not seeing a huge change in the oil price, certainly after Friday," he said.
"That's not to say that we aren't keeping a close eye on it. It's the Middle East, anything can happen."
Regular unleaded in Dungog cost $1.81 on Tuesday. In Maitland, it was selling for $1.77 per litre, $1.78 in Newcastle and $1.87.8 in Singleton.
"Diesel's not too far off those prices in the 170s, 180s. In Scone, it's $1.69, which is one of the better prices in the state," Mr Khoury said.
He said the price jump wasn't vast despite everything that has unfolded and reminded drivers not to panic.
"These numbers do not suggest even remotely that Australians should be panicking and flooding the service stations trying to fill up.," he said.
He encouraged people to research before fuelling up and utilise apps and websites to find the cheapest fuel.
"In all those towns, there is a spread of price differences and a gap between the cheapest and the most expensive service stations," he said.
Maitland's cheapest was $1.56 and the most expensive was $2 per litre.
In Newcastle, the gap between the cheapest and the most expensive was almost the same, Mr Khoury said.

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