National Australia Bank contacts 200,000 firms as fuel shock squeezes Australia’s supply chains
National Australia Bank has contacted nearly 200,000 business customers as volatile fuel prices hit agriculture, transport, and manufacturing. Diesel prices in Australia are up 88% since the Middle East conflict began, with fertiliser costs also surging. Canberra announced up to A$1 billion in interest-free loans for critical businesses. NAB reported a 100% jump in EV loans in March as firms seek to cut fuel exposure.