Australia News Live: Petrol Prices Rise, ASX Boost, and Ben Roberts-Smith Court Case

by Ahmed Ibrahim

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You are Ahmed Ibrahim, a senior journalist writing exclusively for time.news in an authentic, human newsroom voice (AP style). Your writing is clear, warm, and authoritative—never sensational, never templated.

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Bilingual (Arabic/English) correspondent who has reported from 30+ countries on diplomacy, conflict and climate.

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Write about: Australia news live: petrol prices start rising again; ASX to rise after Trump suspends Iran bombing | Australia news

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Petrol prices start rising again as diesel jumps 20 cents a litre for wholesalers

Luca Ittimani

Petrol prices rose at service stations across Australia this morning, the first day of increase after more than a week of falls.

The resurgence marks the end of a reprieve in fuel prices, though the increase to date are tiny: Sydney’s average unleaded price rose from 224.9 cents a litre on Tuesday to 225 this morning, according to MotorMouth. Diesel had already been rising in price since Friday.

The retail prices at service stations mirror movements in wholesale prices, with unleaded wholesale costs stopping falling on Tuesday and jumping 4 cents a litre higher today, according to the Australian Institute of Petroleum.

A sign advertising petrol prices
Photograph: Jay Kogler/AAP

Diesel wholesale prices have steadily risen since last Wednesday and jumped a massive 20 cents a litre higher today, AIP data shows, boding poorly for diesel prices to come.

The wholesale price rises reflect sustained increases in the price of crude oil, with the West Texas Intermediate spending most of the last week above US$110 a barrel.

Crude prices this morning fell to a two-week low and now sit at about US$96 in the wake of Donald Trump’s US-Iran ceasefire announcement. Even if the price fall persists, it will take time to flow on to prices at the pump.

Key events

Jonathan Barrett

Jonathan Barrett

ASX to rise after Trump suspends Iran bombing

The Australian share market is forecast to rise sharply this morning after Donald Trump said he would suspend bombing of Iran for two weeks.

The benchmark S&P/ASX 200 will open up about 1.5% to the 8,840 point mark, according to futures pricing, with the anticipated boost tied to what the US president has described as a “double sided ceasefire”.

Iran’s foreign minister has said cargo passage through the strait of Hormuz will be allowed for the next two weeks under Iranian military management.

Analysts at trading platform IG Markets said while a two-week opening of the strait would only allow for a modest resumption of global oil flows, it would be a “highly welcome development” if it paves the way for a broader reopening.

The ASX has been pulled around by sharp moves in the oil price, with rising energy prices fuelling global inflation, which has dragged down global equity markets.

Oil prices fell immediately in response to the announcements by the US and Iran.

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Updated at 

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Petrol prices start rising again as diesel jumps 20 cents a litre for wholesalers

Luca Ittimani

Luca Ittimani

Petrol prices rose at service stations across Australia this morning, the first day of increase after more than a week of falls.

The resurgence marks the end of a reprieve in fuel prices, though the increase to date are tiny: Sydney’s average unleaded price rose from 224.9 cents a litre on Tuesday to 225 this morning, according to MotorMouth. Diesel had already been rising in price since Friday.

The retail prices at service stations mirror movements in wholesale prices, with unleaded wholesale costs stopping falling on Tuesday and jumping 4 cents a litre higher today, according to the Australian Institute of Petroleum.

A sign advertising petrol prices
Photograph: Jay Kogler/AAP

Diesel wholesale prices have steadily risen since last Wednesday and jumped a massive 20 cents a litre higher today, AIP data shows, boding poorly for diesel prices to come.

The wholesale price rises reflect sustained increases in the price of crude oil, with the West Texas Intermediate spending most of the last week above US$110 a barrel.

Crude prices this morning fell to a two-week low and now sit at about US$96 in the wake of Donald Trump’s US-Iran ceasefire announcement. Even if the price fall persists, it will take time to flow on to prices at the pump.

Key events

Jonathan Barrett

Jonathan Barrett

ASX to rise after Trump suspends Iran bombing

The Australian share market is forecast to rise sharply this morning after Donald Trump said he would suspend bombing of Iran for two weeks.

The benchmark S&P/ASX 200 will open up about 1.5% to the 8,840 point mark, according to futures pricing, with the anticipated boost tied to what the US president has described as a “double sided ceasefire”.

Iran’s foreign minister has said cargo passage through the strait of Hormuz will be allowed for the next two weeks under Iranian military management.

Analysts at trading platform IG Markets said while a two-week opening of the strait would only allow for a modest resumption of global oil flows, it would be a “highly welcome development” if it paves the way for a broader reopening.

The ASX has been pulled around by sharp moves in the oil price, with rising energy prices fuelling global inflation, which has dragged down global equity markets.

Oil prices fell immediately in response to the announcements by the US and Iran.

Share

Updated at 

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Petrol prices start rising again as diesel jumps 20 cents a litre for wholesalers

Luca Ittimani

Luca Ittimani

Petrol prices rose at service stations across Australia this morning, the first day of increase after more than a week of falls.

The resurgence marks the end of a reprieve in fuel prices, though the increase to date are tiny: Sydney’s average unleaded price rose from 224.9 cents a litre on Tuesday to 225 this morning, according to MotorMouth. Diesel had already been rising in price since Friday.

The retail prices at service stations mirror movements in wholesale prices, with unleaded wholesale costs stopping falling on Tuesday and jumping 4 cents a litre higher today, according to the Australian Institute of Petroleum.

A sign advertising petrol prices
Photograph: Jay Kogler/AAP

Diesel wholesale prices have steadily risen since last Wednesday and jumped a massive 20 cents a litre higher today, AIP data shows, boding poorly for diesel prices to come.

The wholesale price rises reflect sustained increases in the price of crude oil, with the West Texas Intermediate spending most of the last week above US$110 a barrel.

Crude prices this morning fell to a two-week low and now sit at about US$96 in the wake of Donald Trump’s US-Iran ceasefire announcement. Even if the price fall persists, it will take time to flow on to prices at the pump.

Key events

Jonathan Barrett

Jonathan Barrett

ASX to rise after Trump suspends Iran bombing

The Australian share market is forecast to rise sharply this morning after Donald Trump said he would suspend bombing of Iran for two weeks.

The benchmark S&P/ASX 200 will open up about 1.5% to the 8,840 point mark, according to futures pricing, with the anticipated boost tied to what the US president has described as a “double sided ceasefire”.

Iran’s foreign minister has said cargo passage through the strait of Hormuz will be allowed for the next two weeks under Iranian military management.

Analysts at trading platform IG Markets said while a two-week opening of the strait would only allow for a modest resumption of global oil flows, it would be a “highly welcome development” if it paves the way for a broader reopening.

The ASX has been pulled around by sharp moves in the oil price, with rising energy prices fuelling global inflation, which has dragged down global equity markets.

Oil prices fell immediately in response to the announcements by the US and Iran.

Share

Updated at 

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Anthony Albanese confirmed on Tuesday he would be flying to Singapore this week to lock in fuel imports.

The PM’s office said the two leaders spoke on Tuesday and agreed to increase communication and ensure Australia and China are “both working in support of regional energy security”. China is a key exporter of jet fuel to Australia.

The government says engagement with china are “central to a mature, stable and constructive relationship”.

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Ben Roberts-Smith to appear in court this morning

Kelly Burke
Kelly Burke

Australia’s most decorated living soldier will appear in a Sydney local court today.

The former SAS corporal and Victoria Cross recipient Ben Roberts-Smith was arrested by the Australian federal police on Tuesday. He has been charged with unlawful killings during Australia’s military campaign in Afghanistan.

He was held at Silverwater correctional centre overnight and designated as a high-profile detainee, so was allotted a single cell, although he was technically not in solitary confinement.

He is expected to apply for bail at the hearing. Roberts-Smith has always denied any wrongdoing in Afghanistan.

The charges against Roberts-Smith, 47, comes after a landmark civil ruling in 2023.

In that defamation case, which Roberts-Smith himself initiated against the Sydney Morning Herald, the Age, and the Canberra Times, a federal court judge found to the civil standard of substantial truth that the soldier had been involved in four murders while deployed in Afghanistan.

However, that defamation trial is irrelevant to the criminal proceedings. The standard of proof required for a criminal conviction (beyond reasonable doubt) is far higher than that needed in a civil case (balance of probabilities).

Those findings included the 2009 killing of a handicapped man at a compound known as Whiskey 108 and the 2012 kicking of a handcuffed prisoner, Ali Jan, off a cliff in Darwan.

Ben Roberts Smith is due to appear in court today. Photograph: Bianca de Marchi/AAP
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Petrol prices start rising again as diesel jumps 20 cents a litre for wholesalers

Luca Ittimani
Luca Ittimani

Petrol prices rose at service stations across Australia this morning, the first day of increase after more than a week of falls.

The resurgence marks the end of a reprieve in fuel prices, though the increase to date are tiny: Sydney’s average unleaded price rose from 224.9 cents a litre on Tuesday to 225 this morning, according to MotorMouth. Diesel had already been rising in price since Friday.

The retail prices at service stations mirror movements in wholesale prices, with unleaded wholesale costs stopping falling on Tuesday and jumping 4 cents a litre higher today, according to the Australian Institute of Petroleum.

A sign advertising petrol prices
Photograph: Jay Kogler/AAP

Diesel wholesale prices have steadily risen since last Wednesday and jumped a massive 20 cents a litre higher today, AIP data shows, boding poorly for diesel prices to come.

The wholesale price rises reflect sustained increases in the price of crude oil, with the West Texas Intermediate spending most of the last week above US$110 a barrel.

Crude prices this morning fell to a two-week low and now sit at about US$96 in the wake of Donald Trump’s US-Iran ceasefire announcement. Even if the price fall persists, it will take time to flow on to prices at the pump.

Key events
Jonathan Barrett
Jonathan Barrett

ASX to rise after Trump suspends Iran bombing

The Australian share market is forecast to rise sharply this morning after Donald Trump said he would suspend bombing of Iran for two weeks.

The benchmark S&P/ASX 200 will open up about 1.5% to the 8,840 point mark, according to futures pricing, with the anticipated boost tied to what the US president has described as a “double sided ceasefire”.

Iran’s foreign minister has said cargo passage through the strait of Hormuz will be allowed for the next two weeks under Iranian military management.

Analysts at trading platform IG Markets said while a two-week opening of the strait would only allow for a modest resumption of global oil flows, it would be a “highly welcome development” if it paves the way for a broader reopening.

The ASX has been pulled around by sharp moves in the oil price, with rising energy prices fuelling global inflation, which has dragged down global equity markets.

Oil prices fell immediately in response to the announcements by the US and Iran.

Share Updated at 
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