SYDNEY, March 13, 2026 (BSS/AFP) - Australia's energy minister warned on Friday against "dangerous" price gouging of petrol as he relaxed rules on how much fuel companies needed to hold in stock in a bid to boost supply. The country -- reliant on oil imports for fuel -- has seen petrol prices spike due to panic buying since the outbreak of the war in the Middle East. Australia's government has blamed price gouging by retailers for rising domestic costs of fuel. He said people selling fuel at inflated prices were engaging in actions that were "un-Australian" and "dangerous". Meanwhile, the government has insisted the country's fuel supply is secure.

Source: Bangladesh Sangbad Sangstha March 13, 2026 04:42 UTC