Soaring petrol prices are hurting more than your wallet

Australians don't need an economist to tell them they're hurting at the petrol pump. They feel it every time they pull into a service station, every time they rethink a planned holiday, or every time they've had to squeeze another household bill to fill the tank.

But the cost of rising petrol prices isn’t only financial. It’s emotional, social and psychological too.

In his recent national address, Prime Minister Anthony Albanese urged Australians to go about their lives as normal but to be mindful of others – not to overfill at the bowser, and to take public transport where possible to preserve fuel for farmers, miners and shift workers who have no choice but to drive.

"It's the Australian way," he said, "that people want to do their bit."

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