Published • loading... • Updated
Fuel Prices to Rise when Excise Cut Ends Within Days
Treasury said the temporary cut helped ease cost-of-living pressure, but national average unleaded petrol reached 182.0cpl last week, the Australian Institute of Petroleum said.
- On Sunday , Treasurer Jim Chalmers confirmed that federal fuel excise relief ends at midnight, concluding the temporary measure introduced to ease cost-of-living pressures.
- Following record prices caused by Middle East conflict, the government halved the 52.6 cents-per-litre excise in April, tapering the relief to 16 cents in July before this final expiration.
- Drivers can expect price increases of "a few cents per litre," though NRMA spokesperson Peter Khoury told SBS News the rise "will be gradual, it won't be immediate."
- Prime Minister Anthony Albanese recently committed $4 million toward a study for Australia's first new oil refinery in more than 60 years, while The Heavy Vehicle Road User Charge discount also ends on Monday.
- Energy Minister Chris Bowen noted Australia currently maintains 42 days of petrol in stockpile to help ensure supply stability, as global oil markets remain volatile due to Middle East tensions.
Insights by Ground AI
11 Articles
11 Articles
SaS warns of the renewed rise in fuel prices and calls for a reduction in the excise tax on fuels. "Gasoline today costs 1.75, diesel even 1.80. And what is our government doing? Nothing," said SaS MP Karol Galek. According to him, this situation suits Prime Minister Robert Fico. He argues that from the...
·Bratislava, Slovakia
Read Full ArticleCoverage Details
Total News Sources11
Leaning Left3Leaning Right2Center2Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 29%
R 28%
Factuality
To view factuality data please Upgrade to Premium
