Heavy haul ahead

Stockpiles of petroleum products have fallen to critically low levels through a combination of factors, including the resumption of air travel and sanctions against Russia.

In Australia, the average price of diesel has been driven as high as $2 in May, pushing some freight transport companies to breaking point and raising costs for businesses in every sector. The transport sector has sounded an alarm about the impact of reduced fuel tax credits It’s a perfect storm that points to an urgent need for business to reassess their budgets and think about what sustained high transport costs will mean for their operations.