Bold News report
Origin articleStored source

Drivers brace for petrol price hikes as fuel excise cut comes to end

Prices are forecast to increase to about $2.20 a litre for unleaded and $2.60 a litre for diesel when the fuel excise returns to its normal rate.

ABC Australia News By Elissa Fitzgerald Captured Aug 2, 2026, 9:23 AM
Read the original Read Bold's report
Captured text

Source excerpt

3,761 extracted characters

Drivers are bracing for more pain at the fuel pump as the federal government's fuel excise cut comes to an end.

The excise, which for months was reduced to mitigate a fuel price spike, will return to its normal amount at midnight on August 3, adding 16 cents per litre to wholesale prices.

It is expected the change will take about 10 days to flow through to the bowser, with prices forecast to increase to about $2.20 a litre for unleaded and $2.60 a litre for diesel, according to RACQ principal economist Ian Jeffreys.

He advised motorists to "fill up as soon as possible" to avoid paying a premium.

Bold News stores the normalized extraction for evidence and analysis. This public wrapper shows a limited excerpt; use the original link for the publisher's complete presentation.