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Petrol prices on track to top $2 a litre as Bowen sounds death knell for fuel excise relief

The Guardian World Saturday 01 August 2026, 02:22 UTC By Luca Ittimani 1 min read
Key Points

Petrol now costs more than $1.90 a litre in every capital city, with diesel expected to exceed $2.40 a litrePetrol 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 litre reduction in fuel excise, introduced in March at the peak of the fuel price spike, was halved to 16 cents in July.

Petrol now costs more than $1.90 a litre in every capital city, with diesel expected to exceed $2.40 a litre

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 litre reduction in fuel excise, introduced in March at the peak of the fuel price spike, was halved to 16 cents in July.

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Bowen (PERSON)
Originally published by The Guardian World Read original →

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