How high will fuel prices rise after expiry of relief for motorists? | ABC NEWS

2 hours ago The News Room

An economic expert predicts retail fuel prices to increase slowly and steadily after the federal government’s discount on the fuel excise expired.
Dr Ian Jeffreys says Australia’s fuel supply is currently sufficient following the Albanese government’s deals with regional partners but rising global prices and the removal of the relief for motorists will continue to put pressure on petrol and diesel prices.
Treasurer Jim Chalmers has urged the ACCC to monitor the market for any price gouging behaviour.

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Read more here: https://www.abc.net.au/news/2026-08-02/fuel-excise-cut-to-end-in-august-2/106965630

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