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The Money Edition

Shipping risk is keeping petrol above $2 a litre

Freight and insurance costs on key routes are doing more to your fuel bill than the retail margin is.

Nina Hendy

A cargo vessel at sea with smoke rising from its deck

Refined product lands in Australia at the end of a long supply chain, and every extra day of routing shows up at the bowser weeks later.

Insurance premiums on higher-risk routes have not normalised. Neither has the freight rate.

The discount cycle still works — it just starts from a higher floor than it did two years ago.

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