Australian retail diesel prices were down 31 per cent and petrol prices down 29 per cent for the five largest cities as of May 27.\u00a0<\/p>\n
The fuel excise is a sales tax levied by the government on petrol and diesel.\u00a0<\/p>\n
It is paid wholesale by the fuel importer and seller and then passed on to consumers at the pump.\u00a0<\/p>\n
It is indexed twice a year.\u00a0<\/p>\n
The standard fuel excise is 52.6 cents per litre, according to the Australian Automobile Association.\u00a0<\/p>\n
When will the excise cut end?<\/p>\n
The fuel excise cut is set to end on June 30.\u00a0<\/p>\n
Federal Treasurer Jim Chalmers told the ABC last week that “we’re not anticipating extending [the excise cut], but we’ll keep it under review from week to week”.\u00a0<\/p>\n
Will prices go up?<\/p>\n
Experts say Australians can expect prices to rise if the conflict in the Middle East continues.<\/p>\n
“We shouldn’t see a large jump in price, but there will be a small one,” Queensland University of Technology supply chain expert Mahdi Abolghasemi said.\u00a0<\/p>\n
“This depends really heavily on the conflict and if they open the Strait of Hormuz \u2014 that will send a positive signal to the market.”<\/p>\n
University of Queensland economics professor John Quiggin also said there would not be a dramatic rise in price.\u00a0<\/p>\n
“Even with the return to higher excise, the retail cost of petrol won’t be way out of line with historical levels, at least in inflation-adjusted terms,” he said.\u00a0<\/p>\n
“If some kind of peace agreement is reached in Iran, oil prices will probably fall.\u00a0<\/p>\n
“A renewed outbreak of major fighting is the main risk here.”<\/p>\n
He said, despite the relief it had provided to consumers, the excise cut should not be extended.\u00a0<\/p>\n
“It’s a bad idea in general to permanently shield consumers from price increases, bad more specifically because we need to transition away from internal combustion engine vehicles,” he said.\u00a0<\/p>\n
“Temporary relief made sense, but three months is time to adjust.”<\/p>\n
![\"A](\"https:\/\/www.europesays.com\/australia\/wp-content\/uploads\/2026\/06\/d4b935148905749778b278a3ba8b2d02.jpeg\")
<\/p>\n
The federal government’s National Fuel Security Plan website includes fuel-saving tips. (ABC News: Gavin McGrath)<\/p>\n
What about supply?<\/p>\n
Australia is at stage 2 of the National Fuel Security Plan.\u00a0<\/p>\n
The most recent data published by the federal government shows Australia has in reserve:\u00a0<\/p>\n
48 days of petrol36 days of diesel30 days of jet fuel<\/p>\n
Fuel stocks are above average levels.\u00a0<\/p>\n
The fuel supply task force website says<\/a> a reported 3.3 billion litres of crude, diesel, jet fuel and petrol are scheduled to arrive from overseas in the next four weeks.<\/p>\n How else is the government responding to fuel prices? \u00a0<\/p>\n Other measures in place to ease pressure on Australians include a three-month reduction of the Heavy Vehicle User Charge.\u00a0<\/p>\n The first road transport contractual chain order has also been issued.<\/p>\n It sets rules for fuel cost recovery for workers, businesses and others in a road transport contractual chain.\u00a0<\/p>\n It will cease applying when the weekly average national terminal gate price for diesel falls below $2 per litre.<\/p>\n Temporary relief for businesses unable to meet their tax obligations because of fuel supply issues is also available.\u00a0<\/p>\n It includes a tailored payment plan for businesses affected by high fuel prices.<\/p>\n How do I shop around for fuel?<\/p>\n The Australian Competition and Consumer Commission urges consumers to shop around for fuel and consult with fuel apps and websites in their state:<\/p>\n New South Wales:\u00a0NSW Fuel Check<\/a>\u00a0website and appAustralian Capital Territory:\u00a0NSW Fuel Check<\/a>\u00a0websiteNorthern Territory:\u00a0MyFuel NT<\/a>\u00a0websiteTasmania:\u00a0FuelCheck TAS<\/a>\u00a0website and appVictoria:\u00a0Service Victoria<\/a> appWestern Australia:\u00a0WA FuelWatch<\/a>\u00a0website and appQueensland: Queensland does not have a dedicated government fuel price app, but you can search for commercial fuel price websites and apps that are supported by data under the Queensland government’s fuel price reporting arrangements.South Australia: Search for commercial\u00a0fuel price websites and apps supported by data under the South Australian government’s fuel price reporting arrangements.Loading…<\/p>\n","protected":false},"excerpt":{"rendered":"A fuel excise cut designed to ease the pressure of the oil crisis on Australians temporarily is set…\n","protected":false},"author":2,"featured_media":25210,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[22,21,7299,10451,23303,541,23302,23299,23301,23298,5820,23304,13134,23300,2079],"class_list":["post-25209","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-austrlia","tag-diesel","tag-diesel-prices","tag-excise-cut","tag-fuel","tag-fuel-excise","tag-fuel-excise-cut","tag-fuel-price","tag-hormuz","tag-middle-east","tag-oil-crisis","tag-petrol","tag-petrol-prices","tag-prices"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts\/25209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/comments?post=25209"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts\/25209\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/media\/25210"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/media?parent=25209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/categories?post=25209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/tags?post=25209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}