Fuel price surges could decimate Australia’s fishing industry if no urgent government action is taken to help businesses manage costs, industry experts say.
The price of diesel at the Mooloolaba wharf on Queensland’s Sunshine Coast, which fuels Pavo Walker’s five-vessel fleet, has more than doubled from about $1.50 per litre to $3.20 since the Iran war began, pushing his monthly fuel costs from $100,000 to more than $213,000.
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