Petrol prices set to surge above two dollars

Australia faces petrol prices rising above two dollars per litre within weeks as the fuel excise cut winds back and global oil supply disruptions intensify. The price increases stem from ongoing conflicts in the Middle East, Ukrainian attacks on Russian refineries, and Houthi threats to Saudi infrastructure in the Red Sea. Flow-on effects are expected to spike costs across groceries, transport and healthcare, with diesel-dependent industries particularly vulnerable.See omnystudio.com/listener for privacy information.