Carrington Clark

So therefore, we are

going to see an increase in the price of the petrol pump for drivers come July 1st.

And I think what you're probably going to see is people will be making the rational choice probably in the last week of June to fill up what they can to get ahead of the

price increase.

So we might see some demand fluctuations, but this does also seem to have been the catalyst for a couple of pretty major changes to the Australian fuel market.

One, obviously the increased use of electric vehicles, but also Australia has changed its reservation policies when it comes to fuel.

And we will see Australia now holding more refined fuel into the future to avoid a similar situation in the future.

Yeah, absolutely.

Well, let's see how this plays out, Alan.

Hopefully the next time I speak to you next Monday, we will be speaking in a situation where there is some sort of return of shipping at a higher rate in the Strait of Hormuz, but there are many days to go before this deal is finally completed.

Thank you for joining us for this edition of Fuelcast.

You can catch ABC Business Daily later today, and we'll be back in your feeds with all things fuel next Monday.

Catch you next time, Alan.

Thanks, Carrington.

Some days it's interest rates.

Some days it's the share market.

Some days it's the price at the servo.

But the business story is never just business.

I'm Carrington Clark, host of ABC Business Daily.

From Monday to Thursday, I'm joined by the ABC's business reporters to break down the biggest stories in business, finance and the economy.