The latest national snapshot from a major business network shows nearly half of almost 2300 surveyed firms now see the recent fuel supply crunch as having a significant or severe impact. The survey points to a broad mix of pain points, higher input costs, customers pulling back on discretionary spending and more workers unable to make it to shifts. For the wider economy, this looks like a classic energy-price shock that could slow growth while still keeping inflation pressures alive. If fuel stays elevated, businesses may feel forced to pass on more of their costs, delay investment or cut staff hours, while households juggle essential spending with fewer dollars left for non-essentials. How long the conflict drags on and how global oil markets respond will likely determine whether this is a short-term jolt or the start of a more entrenched squeeze on Australian businesses and consumers.

Source: New Zealand Herald April 11, 2026 08:19 UTC