Reader callout: are you feeling the petrol pinch in Australia, and how is it affecting you? | Australian economy

Global oil market prices rose as the US-Israeli war against Iran disrupted key shipping routes. The Strait of Hormuz, through which one-fifth of global fuel supplies pass, was closed due to conflict.

Asia is deeply affected by the crisis and is largely dependent on imported energy passing through the Bosphorus.

Australia was also affected. Authorities ordered fuel companies to release about a fifth of their reserve oil and diesel supplies and relaxed standards to allow higher sulfur levels in the fuel.

Finance Minister Jim Chalmers has released forecasts saying inflation could peak as high as 5 percent this year and increases in gas prices could continue to plague motorists until 2029.

Dozens of service stations, particularly in regional Australia, have run out of gas as distributors struggle to keep up with customers’ panic buying.

Ride-sharing company DiDi increased its prices to cover rising petrol costs and became one of the first major companies, after airlines, to charge Australian consumers more as a result of the conflict.

We want to talk to Aussies feeling the gas crunch.

Are you consciously reducing fuel use? Have you canceled your holiday? Are you working from home more? Traveling less? Are you limiting your energy use for other things like air conditioning or cooking? Have you found a way to save fuel?

We want to hear how you are affected by these adjustments.

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