Prices to jump at the bowser as fuel excise cut ends tonight
Australia's fuel excise cut expires at midnight tonight, ending a cost-of-living relief measure introduced in April. The excise will jump to 53.7 cents per litre after indexation, pushing wholesale petrol prices to around $2 per litre. Treasurer Jim Chalmers said the temporary measure was never intended to be permanent, though economists have questioned its effectiveness in controlling inflation.
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Summary by OZbrief Editorial · ABC News – Top stories · Source
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Published 01 Aug 2026, 18:38 UTC · Updated 01 Aug 2026, 18:50 UTC
Summary by OZbrief Editorial. Original report: ABC News – Top stories. Editorial policy · Corrections
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