Diesel prices across Australia could surge beyond $3 a litre as Trump eyes cut to US fuel exports

<p>Fuel costs have risen to levels not seen since early April, adding to risk of inflation and interest rate hike</p><ul><li><p><a href="https://www.theguardian.com/australia-news/live/2026/sep/24/anthony-albanese-un-summit-labor-coalition-ukraine-ntwnfb">Follow our Australia news live blog for latest updates</a></p></li><li><p>Get our <a href="https://www.theguardian.com/email-newsletters?CMP=cvau_sfl">breaking news email</a>, <a href="https://app.adjust.com/w4u7jx3">free app</a> or <a href="https://www.theguardian.com/australia-news/series/full-story?CMP=cvau_sfl">daily news podcast</a></p></li></ul><p>Australian diesel prices could surge above $3 a litre if Donald Trump cuts off US diesel exports amid floundering negotiations with Iran.</p><p>Fuel costs have risen to levels not seen since early April, adding to inflation risks and making another hike in interest rates all but certain.</p> <a href="https://www.theguardian.com/australia-news/2026/sep/24/diesel-prices-across-australia-could-surge-beyond-3-a-litre-as-trump-eyes-cut-to-us-fuel-exports">Continue reading...</a>