{"id":566740,"date":"2026-03-27T01:08:11","date_gmt":"2026-03-27T01:08:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/566740\/"},"modified":"2026-03-27T01:08:11","modified_gmt":"2026-03-27T01:08:11","slug":"aussies-now-face-major-financial-stress-over-record-fuel-costs","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/566740\/","title":{"rendered":"Aussies now face \u2018major\u2019 financial stress over record fuel costs"},"content":{"rendered":"<p>Aussies are feeling the burn from the Middle East conflict as soaring petrol prices spark a growing mental health crisis.<\/p>\n<p>A staggering three in four Aussies are now under \u201cmajor\u201d financial stress as global tensions and \u201cpetrol anxiety\u201d push household budgets to breaking point, according to a Savvy survey of 1077 people.<\/p>\n<p>It laid bare the brutal reality for families, with 37 per cent of the country admitting they are in a state of financial distress.<\/p>\n<p>It comes as fuel prices reach record highs, with diesel now sitting at around 4 dollars a litre in some parts of the country.<\/p>\n<p>MORE: <a class=\"body-link\" href=\"https:\/\/www.news.com.au\/technology\/motoring\/truck-drivers-stranded-across-australia-as-deepening-diesel-crisis-leaves-them-empty\/news-story\/637fbabd3bf863034aa202ea8cb95de9\" title=\"www.news.com.au\" data-tgev=\"event119\" data-tgev-container=\"bodylink\" data-tgev-order=\"637fbabd3bf863034aa202ea8cb95de9\" data-tgev-label=\"technology\" data-tgev-metric=\"ev\" rel=\"nofollow noopener\" target=\"_blank\">\u2018Driving blind\u2019: Aus truckies\u2019 risky fuel move<\/a><\/p>\n<p>\u201cThe biggest loser out of the current fuel crisis, without a doubt, is the Australian people\u201d, Savvy Managing Director Bill Tsouvalas said.\u00a0<\/p>\n<p>\u201cCountless families will be placed under undue financial pressure in a situation that is entirely avoidable.<\/p>\n<p>\u201cCutting the fuel excise will give Australians some much-needed relief and allow them to put their money towards more important expenses like groceries and other household bills.<\/p>\n<p>\u201cAgainst the backdrop of the steep rise in fuel prices, we\u2019ve seen\u00a0green car loan enquiries, such as those for EVs and hybrids, more than double.\u201d<\/p>\n<p>Filling up a popular Toyota RAV4 with a 55-litre tank now costs about $44 more following an 80-cent per litre spike. As a result, a full tank of E10 fuel can cost roughly $137.<\/p>\n<p>According to the survey, a staggering 37 per cent of Aussies are now in \u201cmajor\u201d financial distress, while a further 39 per cent admit they are under moderate pressure to make ends meet.<\/p>\n<p><img decoding=\"async\" class=\"poster-img\" src=\"https:\/\/content.api.news\/v3\/images\/bin\/fb54b9ea9aea6c30b5177951db83a128\" data-sctrack=\"op-poster-img\" alt=\"The Drive Against Depression\" fetchpriority=\"high\"\/><\/p>\n<p>Drive Against Depression co-founder Sarah Davis said it was evident rising fuel prices are harming mental health.<\/p>\n<p>\u201cWe definitely see that in our community,\u201d Sarah said.<\/p>\n<p>\u201cDriving for a lot of people is their way of connecting to something that they love, something that makes them happy.<\/p>\n<p>MORE: <a class=\"body-link\" href=\"https:\/\/www.news.com.au\/technology\/motoring\/on-the-road\/explained-electric-cars-could-soon-cost-more-in-new-registration-tax\/news-story\/200abda4993f678770e57eea52060d73\" title=\"www.news.com.au\" data-tgev=\"event119\" data-tgev-container=\"bodylink\" data-tgev-order=\"200abda4993f678770e57eea52060d73\" data-tgev-label=\"technology\" data-tgev-metric=\"ev\" rel=\"nofollow noopener\" target=\"_blank\">How would it work? What would we pay? Albo\u2019s EV tax explained<\/a><\/p>\n<p>\u201cIt\u2019s often something that keeps them connected to another person. So we see people come out for a drive with a partner or with their family. It\u2019s their time to be together.<\/p>\n<p>\u201cSo yeah, we definitely see that driving is a way of people connecting with their outlet and what makes them happy.\u201d<\/p>\n<p>Meanwhile, supply issues are emerging in Australia.<\/p>\n<p>The government on Wednesday confirmed around 600 service stations across the country have run out of at least one type of fuel.<\/p>\n<p>As a result, nearly half of Aussies (44 per cent) said they would consider buying a more fuel-efficient or electric vehicle amid heightened global tensions and petrol anxiety.<\/p>\n<p>Separate research suggests the crisis is also fuelling anxiety nationwide.<\/p>\n<p>A survey by the research agency Nature found that 97 per cent of 1,000 Australians are concerned about fuel supplies in the country, including one-in-three admitting they are \u2018extremely concerned.<\/p>\n<p>MORE: <a class=\"body-link\" href=\"https:\/\/www.news.com.au\/technology\/motoring\/on-the-road\/americanstyle-utes-face-crackdown-over-safety-fears-under-new-ancap-rules\/news-story\/6ee75006aaca59b9a1ba68386465cdd5\" title=\"www.news.com.au\" data-tgev=\"event119\" data-tgev-container=\"bodylink\" data-tgev-order=\"6ee75006aaca59b9a1ba68386465cdd5\" data-tgev-label=\"technology\" data-tgev-metric=\"ev\" rel=\"nofollow noopener\" target=\"_blank\">Aus targets US utes that \u2018kill a lot of people\u2019<\/a><\/p>\n<p>Jimeoin Muecke, a psychologist for counselling service Talked, said there has been a significant increase in people asking for support with anxiety triggered by the fuel crisis.<\/p>\n<p>\u201cIit\u2019s how we get around, at the end of the day, it\u2019s so crucial for getting to work and seeing friends and things like that,\u201d Jimeoin said.<\/p>\n<p>MORE: <a class=\"body-link\" href=\"https:\/\/www.news.com.au\/technology\/motoring\/motoring-news\/xpeng-and-ford-evs-hit-trouble-with-trueev-ausev\/news-story\/1b69cffeaa4ac57f1bcecb38245f6f0a\" title=\"www.news.com.au\" data-tgev=\"event119\" data-tgev-container=\"bodylink\" data-tgev-order=\"1b69cffeaa4ac57f1bcecb38245f6f0a\" data-tgev-label=\"technology\" data-tgev-metric=\"ev\" rel=\"nofollow noopener\" target=\"_blank\">EV \u2018bloodbath\u2019 hits two Aus brands in a week<\/a><\/p>\n<p>\u201cThen, when you consider that stress and anxiety tend to accumulate, things that cause stress and anxiety will start to combine, it\u2019s been putting a lot of people over the edge for sure.\u201d<br \/>Muecke recommended pwople who usually relax through driving consider turning to video games, or tune in to watch motorsport with friends on video calls.<\/p>\n<p>Globally, some countries have begun taking drastic steps in response to oil uncertainty, including introducing four-day work weeks and limiting how much fuel drivers can purchase.<\/p>\n<p>Australia has not implemented similar measures, but the Albanese government has convened multiple emergency national cabinet meetings to respond to the growing crisis.<\/p>\n<p>Energy Minister Chris Bowen said there are \u201cseveral options available to government to ease fuel pressures,\u201d including voluntary work-from-home arrangements and carpooling incentives. However, these mandatory measures are not yet necessary.<\/p>\n","protected":false},"excerpt":{"rendered":"Aussies are feeling the burn from the Middle East conflict as soaring petrol prices spark a growing mental&hellip;\n","protected":false},"author":2,"featured_media":566741,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-566740","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/566740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=566740"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/566740\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/566741"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=566740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=566740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=566740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}