Australia news live: ski fields reach July temperature high; diesel prices surge

Follow the latest updates liveGet our breaking news email, free app or daily news podcastRising fuel prices could force interest rate riseShane Oliver, chief economist at AMP, said fuel prices could rise another 10 cents as the rebound in oil prices had not yet fully flowed through, in a note on Friday.The longer the strait remains closed and the war escalates, the greater the risk that oil prices will have to rise to around $US150/barrel to bring demand down to match the hit to supply. Continue reading...