Is the Middle East crisis the only cause of rising fuel prices? | ABC NEWS
Fuel prices have soared but industry leaders insist supply is not a problem.
The prices of petrol and diesel have risen 30 per cent at the Singapore trade hub, as uncertainty and security concerns grip the Middle East and Russia enforces a ban on diesel exports to certain countries.
The Australian Institute of Petroleum’s CEO Malcolm Roberts says Australia has substantial fuel reserves following several manoeuvres by the government to secure supply from 20 countries.
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