Middle East conflict sends fuel costs higher as watchdog warns retailers to play fair

By Yajush Gupta · 9 March 2026 · News

Middle East conflict sends fuel costs higher as watchdog warns retailers to play fair

Fuel Costs Soar: What's Behind the Surge?

As international crude oil prices skyrocket, small businesses are bracing for the impact. But what's driving the price hike, and will your fuel costs be affected?

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Summary

International crude oil prices are rising sharply due to Middle East conflict. The ACCC is watching fuel retailers closely and has a message for small businesses on managing costs.