Macro Finance
Australians Cut Fuel Purchases as Iran War Drives Prices Higher
Bloomberg Markets·October 15, 2026·1 min read
Australians are cutting fuel purchases as prices surge due to the Iran war, with diesel sales in August dropping by the most since 2022 and petrol sales declines deepening. The pullback at the pump reflects consumer response to higher costs amid geopolitical tensions affecting global oil markets.
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