05/23/2008 Carl`s ex sews up TV deal
CHANNEL 9 is understood to have won a big gun battle to sign Roberta Williams to a TV deal, cashing in on her recent Underbelly infamy
05/23/2008 BHP confident Ravensthorpe won`t fail
BHP BILLITON is confident that its $2.3 billion Ravensthorpe mine won`t mirror the past failures that have plagued the nickel laterite sector in Western Australia
05/23/2008 Babcock Power shares plunge 20pc
SECURITIES in Babcock & Brown Power (BBP) plunged another 20 per cent today as concerns about its debt position and sloppy disclosure from its management rattled already shaken investors
05/23/2008 Coles` new boss flags five year turnaround
THE new head of Wesfarmers Ltd`s Coles division, Ian McLeod, has pledged to see through a multi-billion dollar plan to revive the ailing supermarket giant within five years
05/23/2008 Weaker resources drag on shares
THE share market closed down more than 1 per cent on weaker resource stocks and industrials, with information technology sector being the only bright spot
05/23/2008 Three years to rebuild quake zone
CHINA said it would take up to three years to rebuild its earthquake disaster zone and warned that millions of people made homeless faced a growing health risk from disease
05/23/2008 Child killed in Taliban suicide blast
A SUICIDE bomber blew himself up among Afghan soldiers in eastern Afghanistan today, killing four troops and a child, government officials said
05/23/2008 Burma agrees to let all aid in
ALL foreign aid workers are allowed into Burma to help with the relief operation following Cyclone Nargis, the UN`s Ban Ki-moon said today
05/23/2008 China quake toll exceeds 55,000
THE national death toll from China`s earthquake rose to 55,740, with another 24,960 missing, a government spokesman said today
05/23/2008 China, Russia sign $1bn nuclear deal
CHINA and Russia have signed a $US1 billion ($A1.05 billion) deal to develop a nuclear energy facility in the Asian nation, a Russian official said
05/23/2008 Aung San Suu Kyi votes - from home
BURMA`S detained opposition leader Aung San Suu Kyi cast an advance vote today in a referendum on a proposed army-backed constitution
05/23/2008 Victims find no refuge in temple
POOR, homeless survivors in Burma`s cyclone-hit Irrawaddy Delta thought they were safe in Buddhist temples, but as night fell yesterday and they prepared to sleep, their sanctuary was shattered
05/23/2008 UN chief to visit earthquake zone
UN chief Ban Ki-moon will tomorrow visit China`s earthquake zone, the government said, as it warned rebuilding the area where more than than 55,000 died would take years
05/23/2008 Teen murderer jailed for 22 years
A MAN has been jailed for 22 years for murdering a teenager he believed had sexually assaulted his brother
05/23/2008 Council rejects painting by PM`s nephew
MELBOURNE City Council has defended its decision to reject a controversial painting by the nephew of Prime Minister Kevin Rudd
05/23/2008 Acquitted ambo won`t get job back
A PARAMEDIC falsely accused of digitally raping a patient in the back of an ambulance says it is "appalling" that Melbourne`s Metropolitan Ambulance Service (MAS) has never supported him
05/23/2008 Teacher who had sex with student jailed
A MELBOURNE teacher who had sex with a Year Nine student who sent him flirtatious text messages has been jailed for 18 months
05/23/2008 Doctors lodge pay claim
VICTORIAN doctors want an 18 per cent pay rise over the next two years in the latest wage claim lodged with the State Government
05/23/2008 Renate Mokbel loses freedom bid
THE jailed sister-in-law of alleged murderer Tony Mokbel faces another 10 months locked up after losing a battle to get out of jail today
05/23/2008 Girl faces 89 charges over robbery spree
A 16-year-old girl has been charged with 89 offences after allegedly stealing more than $40,000 of goods and a car during a month-long crime spree in Darwin

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Latest Comments:

If someone can tell me how to get my son and his wheel chair on a bicycle i would appreciate it and his little brother, if not shut up, i need my car for him to get to hospital and special school so he can learn to live a useful life . Sometimes people what's good for some is not always good for others. And don't say go on public transport it takes 5 hours a day to feed my son , let alone trying to go from one place to another on public transport.Isn't there someone in this government that can run the economy, someone anyone?????

Posted by: Renee of Brisbane 9:06pm today

You think you are paying throught the nose for fuel, I pay over $3.00 a liter so wait to you get up into that price then you can complain. Go out onstrike against the oil companies, strike against the government taxes on fuelmaybe then something around the world will be done.Its all idiot Bushes fault he is burying the american economy and all we other lands follow after.Viking

Posted by: Vicki Soderberg 9:03pm today

Hmm, 5c per litre equates to 2.50 off 81.50 for 50 litres. Wow, that's sure to cost Labour the next election! Funny, but I don't see any young hoons putting less pressure on the pedal. They must be rich!

Posted by: Gary Thorpe of Perth 8:54pm today
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  • Fuel forecast to hit $1.70 a litre soon
  • Motorists "wondering what the Government will do"
  • FuelWatch "will do nothing to help"

PETROL prices have been forecast to soon hit $1.70 a litre, putting further pressure on the Federal Government to act.

The weekly price cycle in capital cities today saw the unleaded price come off record highs of more than $1.62 per litre yesterday, but an analyst predicted the reprieve will only be brief.

"The expectation is for further rises in petrol prices," CommSec equities economist Savanth Sebastian told AAP.

"On the high side of the cycle, within the next fortnight... if the oil price remains sustained at these levels, prices get up to $1.70 a litre."

Opposition finance spokesman Peter Dutton savaged the Government for not doing anything to cut the price.

"Australian motorists are still wondering what the Government will do to give them some relief at the bowser, as the cost to fill up the family Commodore nudges close to $100."

Opposition Leader Brendan Nelson reiterated the Coalition`s promise to cut the petrol excise by five cents if elected at the next election.

"It is very important that Mr Rudd understands it is time to take action and simply watching the price of petrol is not going to bring it down," Dr Nelson said.

"Every day from now until the next election, every Australian... needs to know that petrol will be five cents a litre cheaper under the Coalition."

A spokesman for Assistant Treasurer Chris Bowen said there was no change to the timing of the December introduction of FuelWatch - a scheme that will force petrol stations to list fixed prices 24 hours in advance.

Former Shell regional marketing manager turned petrol consultant Kevin Hughes said FuelWatch would do nothing to help motorists.

"There is no evidence at all to support that it`s a terrific scheme or gives advantage," Mr Hughes said.

"That`s a major issue which will come back to bite them (the Government) because people will suddenly discover (FuelWatch does not work)."

Prime Minister Kevin Rudd said the Government had done "as much as we physically can" to help.
He said tax cuts announced in the Budget earlier this month would help motorists cope with the record prices.

"If you put all those measures together, depending on the family, depending on the number of kids, depending on where they fit in the overall scheme of things, we have done as much as we physically can to provide additional help to the family budget, recognising that the cost of everything is still going through the roof," Mr Rudd said.

A Mortgage and Finance Association of Australia/Bankwest Home Finance Index showed petrol and food prices were hurting people more than interest rates hikes.

Interest rates (three out of five) were ranked lower than both food and fuel (3.5 out of five).

Households were feeling the financial pinch regardless of whether they had a mortgage, association chief executive Phil Naylor said.

"Although many Australians are feeling stressed about their finances, only 8.5 per cent of borrowers said that their levels of stress have increased as a result of the recent rate hikes," he said in a statement.

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Today`s Top Picks



Font size: +-

Send this article:PrintEmail

Have Your Say

Latest Comments:

If someone can tell me how to get my son and his wheel chair on a bicycle i would appreciate it and his little brother, if not shut up, i need my car for him to get to hospital and special school so he can learn to live a useful life . Sometimes people what's good for some is not always good for others. And don't say go on public transport it takes 5 hours a day to feed my son , let alone trying to go from one place to another on public transport.Isn't there someone in this government that can run the economy, someone anyone?????

Posted by: Renee of Brisbane 9:06pm today

You think you are paying throught the nose for fuel, I pay over $3.00 a liter so wait to you get up into that price then you can complain. Go out onstrike against the oil companies, strike against the government taxes on fuelmaybe then something around the world will be done.Its all idiot Bushes fault he is burying the american economy and all we other lands follow after.Viking

Posted by: Vicki Soderberg 9:03pm today

Hmm, 5c per litre equates to 2.50 off 81.50 for 50 litres. Wow, that's sure to cost Labour the next election! Funny, but I don't see any young hoons putting less pressure on the pedal. They must be rich!

Posted by: Gary Thorpe of Perth 8:54pm today
Read all 381 comments

We welcome your comments on this story. Comments are submitted for possible publication on the condition that they may be edited. Please provide your full name. We also require a working email address - not for publication, but for verification. The location field is optional.Read our publication guidelines.

Submit your feedback here:

(So you don`t have to retype your details each timeyou send feedback.)

Video

Advertisement

Planning a Holiday? - Visit our Europe section for the latest destination offers!
 
NAB Investment Loan.Limited time discounted rate on fixed interest only options.
 
Overflowing with benefitsExperience life the Platinum Way With American Express Platinum
 
Online Auctions Online auctions on a range of big brands. Bid Now! Dontmissout.com.au
 
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Rudd under the pump as fuel heads for $1.70   05/22/2008
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