Internet’s funniest reactions to surge in petrol prices

Mar 20, 2022
People have taken to Twitter to express the hilarious reactions to the painful surge in petrol prices. Source: Getty

The painful surge in petrol prices in the last few weeks in Australia have caused a lot of financial heartache for motorists.

The price of petrol has become an ongoing joke as it surpassed $2 a litre in the last two weeks, meaning Australians will be paying at least $100 to fill up their cars, and with the ongoing war between Russia and Ukraine, it doesn’t look like prices are going to drop any time soon.

Commonwealth Securities senior economist, Ryan Felsman says there is a risk the price of petrol could “shoot up to 150 bucks a barrel as tensions in the Ukraine escalate.”

Though fuel predictions are expected to rise even further, some people are seeing the funny side of the situation and taking to social media to share their hilarious reactions.

Oil prices were already at a record high as demand increased after Covid-19 but continued to surge after Russia was hit with global sanctions.

Since US President Joe Biden’s ban on all imports of Russian old, prices have jumped a whopping 7 per cent.

Treasurer Josh Frydenberg is currently in the works of putting together his March 29 budget, with loud calls from consuemr for a cut in the 44 cents per litre fuel excise.

However, Deputy Prime Minister Barnaby Joyce isn’t too keen on the idea, explaining how cutting the fuel excuse won’t help ease the increasing cost of living.

“But what it will do is take away money we spend on roads – we still need to keep our roads moving, we still need to keep our trucks moving,” he told Sky News.

Despite many of  Prime Minister Scott Morrison’s own party suggesting a temporary tax deduction, the PM had refused to make any promises regarding the fuel excise tax cuts.

“I think Australians know that what’s happening with petrol prices at the moment is being caused by what’s happening with the war in Europe,” Morrison told Channel 9.

“And so we’re working with other countries around the world at the moment in terms of releasing fuel reserves to try and alleviate the pressure on fuel prices.

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