Albanese Government considers further fuel excise cuts amid Middle East tensions
The Albanese Government indicated potential further cuts to fuel excise amid ongoing hostilities between the U.S. and Iran. Acting Energy Minister Jason Clare noted the conflicts are affecting Australians, with a current 16 cents per litre discount set to expire on August 2. Australia has reserves of 41 days of petrol and 37 days of diesel.
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Published 11 Jul 2026, 03:38 UTC · Updated 11 Jul 2026, 03:40 UTC
Summary by OZbrief Editorial. Original report: 7 News. Editorial policy · Corrections
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