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Australian Capital Cities Face Petrol Above $2 as Excise Relief Ends
NRMA says unleaded prices will rise above $2 a litre in every capital city as the temporary discount ends and inflation indexation takes effect.
- Every Australian capital city is expected to face unleaded petrol prices above $2 a litre next week as the federal government's temporary fuel excise relief ends at 11:59pm on Sunday, adding about 16 cents a litre to wholesale prices from Monday.
- From April 1, the fuel excise was reduced from 52.6 cents a litre to 20.6 cents a litre, a 32-cent discount designed to ease cost-of-living pressures. That support measure cost taxpayers $2.55 billion and ends this weekend.
- NRMA spokesperson Peter Khoury said no capital city would escape the rise, with average unleaded prices forecast to climb beyond $2 a litre. Diesel prices are expected to reach between $2.30 and $2.40 a litre, placing further pressure on households.
- Energy Minister Chris Bowen urged drivers on Saturday to 'buy as much fuel as they need, no more, no less,' warning against panic buying. Price increases will flow gradually through service stations as retailers exhaust cheaper wholesale supplies.
- Despite uncertainty in the Middle East, Australia has increased its national fuel stockpile to 42 days of petrol, offering supply resilience. The consumer watchdog will monitor the market for excessive price rises in coming weeks, both officials said.
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12 Articles
12 Articles
Sydney Morning Herald+4 Reposted by 4 other sources
Fuel excise cut to end at midnight
Petrol prices are set to rise with the fuel excise cut due to end at midnight.
·North Sydney, Australia
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Petrol prices on track to top $2 a litre as Bowen sounds death knell for fuel excise relief
Petrol now costs more than $1.90 a litre in every capital city, with diesel expected to exceed $2.40 a litre Get our breaking news email, free app or daily news podcast Petrol prices could surpass $2 a litre and diesel $2.40 in coming days, after the government’s 16-cent discount ends on Sunday. The 32-cent per [...]
Coverage Details
Total News Sources12
Leaning Left4Leaning Right3Center3Last UpdatedBias Distribution40% Left
Bias Distribution
- 40% of the sources lean Left
40% Left
L 40%
C 30%
R 30%
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