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Australia Ends Fuel Excise Relief: Petrol Set to Exceed A$2 per Litre
Herz — World Desk · · 30s summary · 2 min read
The essentials
Australia will end its fuel excise relief on August 2, 2026, removing a government subsidy of 16 cents per litre. As of August 1, petrol already costs more than A$1.90 per litre across all Australian capital cities. According to The Guardian, prices are expected to surpass A$2 per litre for petrol and A$2.40 per litre for diesel within days. Minister Bowen confirmed on August 1 that the scheme, initially introduced in March 2026 at 32 cents per litre before being reduced to 16 cents in July, will not be extended.
- Fuel excise relief of 16 cents per litre expires on August 2, 2026
- Petrol already exceeds A$1.90 per litre in all Australian capitals as of August 1
- Prices could surpass A$2 per litre for petrol and A$2.40 per litre for diesel
- Minister Bowen confirms no extension of the relief scheme on August 1, 2026
- Relief was initially set at 32 cents per litre in March 2026, then cut to 16 cents in July
Australia is ending its fuel excise relief on August 2, 2026, removing a government subsidy of 16 cents per litre on fuel prices. Petrol already exceeds A$1.90 per litre across all Australian capital cities, according to The Guardian.
What we know
Australian Minister Bowen confirmed on August 1, 2026 that the fuel excise relief scheme will end without any extension planned.
In the days following August 2, fuel prices are expected to rise above A$2 per litre for petrol and beyond A$2.40 per litre for diesel.
Timeline of fuel excise relief
- March 2026At the height of fuel price inflation, the Australian government introduces a 32 cents per litre fuel excise reduction.
- July 2026The fuel excise reduction is lowered from 32 to 16 cents per litre.
- August 1, 2026Minister Bowen announces the end of the relief scheme. Petrol exceeds A$1.90 per litre across all Australian capitals.
- August 2, 2026The 16 cents per litre fuel excise reduction expires. Further price increases at the pump are expected in the following days.
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