Fuel prices in Australia are back to prewar levels. Will it last?
Australian fuel prices fell to prewar levels this week, with average unleaded petrol in Sydney and Melbourne below $1.56 a litre. Despite a 16¢-a-litre increase due to the reintroduction of the fuel excise, experts anticipate price stabilization, noting recent drops provide economic relief amid ongoing Middle Eastern tensions impacting global oil markets.
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Published 28 Jun 2026, 03:58 UTC · Updated 28 Jun 2026, 04:00 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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