Number of the Day | 1c | 03 November 2026
A headline reduction of precisely one cent per litre leaves motorists questioning pump calculations. While global crude benchmarks and currency figures threatened a sharp increase, government fuel levy relief softened the blow.
Gareth Edwards and Francis Herd dissect how shifting slate levies absorbed anticipated savings, creating a precarious balance at the pump. They also examine how global geopolitical tensions and international political milestones continue to cast a long shadow over future energy markets.
Catch up on all Number of the Day episodes here: https://www.enca.com/number-day-podca…
Chapter List
(00:00) 1c: The Comical Reality of the One-Cent Petrol Drop
(01:06) Fuel Levy Relief and the Medium-Term Budget Speech
(02:15) The Sneaky Slate Levy: Why Prices Didn’t Drop 50 Cents
(05:21) Global Oil Markets, US Midterms, and Middle East Pressures
