Economy

Petrol prices may exceed $2 per litre as fuel excise relief ends

The Guardian · August 1, 2026Original source ↗

What happened

Petrol prices have reached over $1.90 per litre in all capital cities, with diesel expected to surpass $2.40 per litre. This change follows the conclusion of a temporary government fuel excise discount, which was reduced from 32 cents to 16 cents per litre.

Why it matters

This development may impact consumers and businesses due to increased fuel costs.

Who feels this

If you rent your home

Increased petrol prices could lead to higher transportation costs for renters, especially if they rely on cars for commuting to work or running errands. This may strain their budgets as they manage other living expenses.

If you are a small business owner

Small business owners may face higher operational costs due to increased fuel prices, particularly if they rely on vehicles for deliveries or services. This could lead to higher prices for consumers or reduced profit margins.

If you are a commuter

Commuters will likely experience higher costs for fuel, which can affect their daily expenses. This may lead some to consider alternative transportation methods or adjust their travel habits.

What does this mean for YOU, specifically?

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