Petrol prices

If you haven’t bought an EV yet, how much more convincing do you need given what’s happening in the world right now?The fuel crisis has shown us just how ridiculous our traditional energy choices are and the urgent need to switch to electricity to power our cars.The choice to get an electric car used to be about them being better for our environment with zero tailpipe emissions reducing pollution in cities. And while that should absolutely be the core reason for the choice to buy an EV, the war in Iran has exposed another very real and urgent need to go electric - fuel security.Australia sources 90 per cent of its refined fuel from overseas, specifically from South Korea, Singapore and Malaysia. These countries get most of their crude oil from the Middle East and nearly all passes through the now infamous Strait of Hormuz, which as you know has been used by Iran as its one and only, but hugely powerful bargaining chip. Like a tap, Iran can turn nearly all of Australia’s petrol and diesel supply on and off.The situation is going to get worse. See, even if the Strait of Hormuz returns to normal operation again, because the ships carrying the oil move so slowly (30km/h max) and with there already being a hold up of more than a month, plus the backlog of waiting tankers, we’re going to experience a shortage unlike anything we’ve seen since the 1970s, or possibly ever.Again this will be temporary and the situation will right itself again… eventually. But it's a warning, to change our ways.In the meantime you need to commute to work, drop the kids at school, drive to doctors appointments — in other words, live your life normally. And freight needs to move around Australia normally. Food needs to get from the producers to storage, and from there to supermarkets. I’m putting it very simply here, but you know where this is heading.All of this will stop without petrol and diesel. Australia will be brought to its knees in a matter of months. The Australian government knows this and you’ll likely see another address by the Prime Minister announcing a move to Level 3 in its plan to manage fuel use. Level 3 in the government's plan is for targeted action and will focus on ensuring essential services have the fuel it needs while asking the public to limit its usage to preserve what’s left.If only there were cars that didn’t need petrol or diesel. Oh yeah… there’s hundreds of them. Well, there’s 110 different electric models to choose from and that number is growing every month, and so are the sales.March, 2026 saw the highest number of EVs sold in a month ever, with 15,839 finding a new home. That’s almost double the number sold in the same month the year before. The total number of petrol cars and SUVs for March this year totalled 34,694, down 20 per cent on March 2025.The argument that there isn’t a type of EV that suits your needs or lifestyle is becoming redundant. Looking for a small hatchback as an alternative to a Suzuki Swift or Toyota Yaris? There’s the BYD Atto 1. Oh, but you don’t get Atto 1 for the price of the Swift or Yaris. That’s right, Atto 1 costs less than the Swift and Yaris, and by thousands of dollars.Small SUVs instead of a Kia Seltos or Honda HR-V there’s the MG S5, BYD Atto 2, Hyundai Kona Electric. The Toyota RAV 4, Subaru Forester, Nissan X-Trail and Mitsubishi Outlander have long been the rulers of the mid-sized SUV world and while all offer hybrid powertrains, all still need petrol. There’s fully electric SUV choices galore. There’s BYD’s Atto 3 and Sealion 7, the Geely EX5, Leapmotor C10, Deepal S07 and the Skoda Elroq.Large electric SUV? There’s Kia EV9, Hyundai Ioniq 9, Deepal E07 and Polestar 3, with more models coming in the next 12 months.The choice for fully electric off-road vehicles, both utes and large SUVs, is limited currently, but they’re coming. Toyota’s electric Hilux ute arrives mid-2026 and will join a growing list of others including the LDV eTerron 9 and MG U9 EV.The numbers of new EVs coming to Australia especially from China will continue to grow, and the conflict in the Middle East and the fuel shortage will fast track the uptake of these vehicles. Is the infrastructure currently in place to cope with a huge uptake of EVs? Absolutely not. But if I’ve learnt anything about humans during my time on the planet we only do things if we have to and private enterprise is champing at the bit to take the lead here and install chargers on anything that doesn't move. Is the grid capable of handling the load? You ask a lot of questions. But that’s a good one. I’m no electrical grid expert but I can tell you charging a car at my place is the equivalent of running two air-conditioners all night. And going by the power outages caused by cooling homes over summer, then the answer is no. But the grid can be upgraded to be more robust — because it’ll have to be and can be. So that’s my rant done. If you live in the city and you drive less than 50km a day an EV is a must. Burning petrol or diesel to sit in traffic makes as much sense as a petrol-powered toaster.

Sales of petrol-powered cars are declining in the Australian new vehicle market and the popularity of electric propulsion is on a fuel price-driven tear, but there are some significant models bucking the EV transition trend.According to data from industry statistician VFacts and the Electric Vehicle Council, year-on-year sales of pure-electric vehicles were up 92.1 per cent at the end of the first quarter (34,382 vs 17,901 units) with EV uptake rising by 88.9 per cent in March compared to the same month last year (15,839 vs 8385 units).At the same time, sales of petrol-powered vehicles have decreased by 17.8 per cent YTD (101,147 vs 123,132) and 20.1 per cent for the month of March (34,694 vs 43,784).And it’s worth noting hybrid sales are in line with 2025 so far this year (46,952 vs 47,014), which may be explained by a supply shortage in the first quarter for Toyota’s top-selling RAV4. Plug-in hybrids are up 40.2 per cent (13,715 vs 19,230).But despite oil supply shortages caused by the current conflict in Iran sending the price of petrol through the roof, several conventionally-powered models have seen sales grow strongly so far this year.  Kia’s compact K4 has clearly built a strong following with the sedan arriving here early in 2025 and the hatch version joining it late in the year.From a modest launch base year-on-year sales are up no less than 240.8 per cent (2771 vs 813 units), the sleek 1.6- and 2.0-litre five-seater now standing as the Korean brand’s third-best seller so far in 2026.And Kia’s Seltos small SUV hit a purple patch in March with sales up 13.8 per cent compared to the same month in 2025 (849 vs 746).Mazda’s evergreen CX-5 medium SUV is up 12 per cent YTD (6247 vs 5538), likely winning over Toyota RAV4 prospects unwilling to wait the three to six months it currently takes to put the previous category-leader on your driveway.The CX-5 (6247 units) is now in a mid-size SUV cage fight with the Mitsubishi Outlander (6363 units) for category leadership.On the subject of Mazda, the long-serving fourth-generation version of the Japanese maker’s iconic MX-5 sports car has jumped 34.2 per cent so far this year (196 vs 146) with 90 sold in the month of March compared to just 34 last year (+164.7 per cent). And thumbing your nose at EVs via a roofless petrol-powered car must be a theme because the Mini Convertible is up 202 per cent YTD (103 vs 34 units).Then, despite Porsche taking a hit in sales overall so far in 2026, the latest iteration of its celebrated 911 is up a healthy 182.8 per cent (345 vs 122) YTD. What fuel price increase?

Fuel prices are soaring across the board whether it is petrol or diesel. Some drivers are being more affected than others as lower fuel efficiency contributes to higher refuelling costs. Here are the most expensive cars to run currently in Australia based on fuel efficiency. Other contributing factors to the high fuel costs on this list include the fact many of the cars have big fuel tanks and require premium fuel.Fuel prices have been calculated using the average prices for fuel in New South Wales and at an average of 15,000km driven per year. Among the heaviest guzzlers is the Nissan Patrol four-wheel drive, with its 5.6-litre V8 drinking fuel at a rate of 14.4L/100km. Its 140-litre fuel tank and requirement for premium unleaded petrol means it costs $364 per fill-up and a total yearly cost of $5617.28. The Patrol will move to a more efficient 3.5-litre six-cylinder twin-turbo petrol, which is expected to reduce fuel costs. The Ford Mustang sports car is another V8 on this list, with its 5.0-litre unit registering average fuel efficiency at 13.6L/100km and a yearly cost of $5310.27.Ford’s other representative is the Ranger Raptor high-end ute, powered by a twin-turbo six-cylinder petrol engine costing $4482.76 per year. The Ineos Grenadier off-roader is the most expensive model to run and costs $5618.50 a year to run, in part due to it being diesel, which has been the fuel type that has increased the most. The Lexus GX550 has refuelling costs of $208 per fill-up currently, costing $4800 for the year, along with nearly $3000 for the Jeep Gladiator, which unlike many on this list can run off E10 fuel.The 6.2-litre petrol V8 found in the Chevrolet Silverado full-size pick-up has an economy of more than 12 litres per 100km, costing $4,356.30 over the year.  Genesis’ GV70 luxury SUV costs more $4400 per year in fuel, a similar figure to the supercharged 5.0-litre V8 variants of the Land Rover Defender. Highest fuel efficiency new vehicles on sale under $150,000 

Fuel prices continue to increase in Australia.Hybrid models generally offer better fuel efficiency than a comparative petrol model, but they are also more expensive. Questions remain about how much going hybrid actually saves buyers on fuel and how long it will take to pay off the extra upfront cost. Below is a comparison based on some of the most popular models in Australia offering petrol and hybrid choices and the potential increased savings in the current climate. Figures have been calculated based on the average yearly kilometres driven at 15,000km, and the cost to fill-up based on average NSW pricing data using the official recommended fuel for each model. Small car/sedanHyundai i30 sedanThe Hyundai i30 is one of few passenger car models which are available with petrol and hybrid variants in its lineup. Many of its rivals have become hybrid only, such as the Toyota Corolla and Camry as well as the Honda Civic. The hybrid is cheaper to fill up and goes further on its tank, so it takes around four years to pay off the $4000 hybrid premium - well within the seven-year warranty period for the car. This is also due to the smaller and more efficient hybrid motor compared to the bigger petrol engine.Small SUVChery Tiggo 4 The Chery Tiggo 4 is one of the cheapest SUVs on the market, with a drive-away price under $30,000 for both petrol and hybrid variants. The Hybrid carries a $6000 premium over the petrol, which means it will take roughly seven years to pay off the extra cost. This is part due to the $850 year-on-year saving, which is less than many of the other cars on this list. Unlike the other examples, there is no change in engine capacity between petrol and hybrid variants of the Tiggo 4.  The seven-year break-even point matches the seven-year warranty provided on the car. Medium SUVGWM Haval H6There is a $5000 gap between pricing on the petrol and hybrid versions of the Haval H6, but the smaller and more efficient hybrid engine sees savings of more than $1000 year-on-year. The H6 hybrid offers an average of more than 500km of driving range than the petrol. This means the extra cost of the hybrid can be paid off in just under five years. This falls within the seven-year warranty period for the H6. Large SUVHyundai Santa FeThe Hyundai Santa Fe was CarsGuide’s 2026 Overall Car of the Year, and offers one of the most competitive hybrid/petrol pricing comparisons. This is because the hybrid Sante Fe is less than $4000 more expensive than the petrol and offers more than 400km average driving range. With nearly $1200 of savings each year, it would take around three years to pay off the hybrid premium, and the majority of the car’s seven-year warranty will also still be valid.UteThis comparison uses the cheapest dual-cab variant of the Toyota HiLux Workmate and the single-variant BYD Shark 6. While these utes are obviously not variants within the same lineup, the Shark 6’s petrol status offers savings over the diesel ute. It also has a smaller fuel tank, which makes filling up cheaper. The HiLux is also slightly more expensive to drive-away, costing about $59,500 in NSW.Fuel efficiency on the Shark 6 dramatically decreases when the ute has less than 25 per cent of battery charge, dropping to 7.9L/100km. This still makes it less expensive to run than the diesel HiLux. *Petrol engine only fuel use figure not provided by Ford but calculated over several CarsGuide road tests once battery had been depletedThe plug-in hybrid set-up in the Canon Alpha does make it cheaper to run overall, but the substantial price difference between the plug-in hybrid and the petrol, means it would take eight years to break even on the extra cost. The Ranger PHEV is more of a curve ball, it is harder to hit on exactly how much fuel it will use. It all depends on how ofter you charge the battery. If you don't charge it every night it'll be more expensive to run than the diesel, as it needs to be topped up more often. If you regularly charge it the cost equation flips and it's a wallet saver.You'll need to be vigilant about charging to pay off the $15,000 premium, though.

Fuel prices in Australia are soaring, meaning fuel efficiency in vehicles is a more important consideration than ever. Hybrid cars offer the potential for superior fuel efficiency compared to internal combustion power without the big price premium if fully electric or plug-in hybrid options. This makes them an increasingly attractive option for buyers given the current global climate. Hybrid sales are already booming in Australia, but will increases in fuel prices accelerate the shift away from pure internal combustion cars? NRMA spokesperson Peter Khoury said that while hybrid sales are increasing, an even swifter transition is less than clear. “If you’re driving a standard vehicle with a 55-litre tank, compared to what we were paying before the war began to now, it’s a $45 increase on one tank of petrol. That applies regardless of whether it’s hybrid or petrol,” Khoury said. “Historically speaking, looking at what happens after an oil shock, it certainly opens up their consideration. “No doubt that if this crisis continues and these prices hang around for weeks or months, Australians will look at those alternatives more seriously.” Below is a comparison between popular petrol and hybrid choices in each segment to see how they stack up in a changing fuel context. Fuel cost has been calculated using current data from the New South Wales’ government’s average fuel price for unleaded 95 petrol and diesel. Toyota’s Corolla hybrid hatch offers superior fuel efficiency and driving range compared to the Kia K4 petrol model. The Corolla is also cheaper to fill up with fuel thanks to its smaller tank and offers a substantially bigger driving range. The Kia Seltos is a petrol-only variant, but despite its bigger fuel tank, it has less driving range than the Toyota Corolla Cross, courtesy of the hybrid powertrain. The bigger fuel tank means the Seltos is also more expensive to fill up. The mid-size CX-5 has a non-turbo charged petrol engine, which sees it offer an impressive estimated driving range of more than 800km, but once again the Toyota competitor’s fuel efficiency wins out in the RAV4 hybrid. The Toyota Kluger continues the Japanese juggernaut’s fuel efficient theme, with a hybrid set-up offering a driving range of more than 1122km, which is significantly more than the MQ QS, despite both cars costing a similar amount to fill up at the bowser. Utes are some of the worst affected by the fuel price increase as many of them are powered using diesel engines, with diesel fuel rising more than petrol. It has now risen to well beyond the $2.60 mark per litre. The BYD Shark’s plug-in hybrid set-up uses petrol, which makes it an affordable option, given the price of diesel. It should be noted that the Shark 6’s fuel efficiency is significantly reduced when the battery is not charged. It’s a similar story for the GWM Cannon Alpha, which should be noted is no longer on sale, but remains one of limited plug-less hybrid utes in Australia. 

Europe will ban all non-zero emission vehicles by 2035. The USA wants to have 67 per cent of all new car sales to be electric vehicles by 2032. Australia will introduce a fuel efficiency standard… eventually.

In good news for motorists, the Australian federal government has temporarily cut the fuel excise in a bid to lower petrol and diesel prices and address rising household costs.The announcement was made yesterday as part of the Morrison government's final

If oils ain't oils (as the old TV advert goes) then petrol certainly ain't petrol either. In fact, which fuel you pump into the tank of your car has never been a more complex question.

After so many weeks of laughably low petrol prices - driven by one of the very few upsides of the global Coronavirus crisis, a huge drop in the price of oil - it's been a rude shock this past week to see the cost of a litre of unleaded skyrocketing again.

With the price of oil recently falling into negative territory - meaning the companies selling it were paying buyers to take it off their hands - does that mean we should expect petrol stations to start offering to fill our cars up for free, or even paying us to do so?