Real Estate & Home

Surging living costs drive spike in petrol theft

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Rising fuel prices, spurred by escalating global conflict and already strained household budgets, are expected to increase across Australia. New data indicates broader cost-of-living pressures, including rising mortgage repayments and stagnant wages, have a more significant impact on petrol theft rates than fuel price fluctuations alone, potentially reflecting wider financial hardship. This trend suggests increased vigilance for property owners with service stations or those in areas experiencing economic distress.

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