Latest news: Fuel excise

Motorists are getting hit hard at the pump since the return of the full fuel excise tax, with some cities still yet to reach the peak of their fuel cycles.

Petrol prices have already started inching upwards following the reintroduction of the fuel excise tax last week.

The return of the full fuel excise tax will start showing up at the pump in a matter of days.

The federal government will end petrol excise relief but insists motorists won't be hit too hard at the bowser.

The consumer watchdog will be on the lookout for unnecessary price hikes as the fuel excise is reinstated in full later in the month.

Now that the ACT is experiencing exorbitant fuel prices once again, will Chief Minister Andrew Barr implement his same stance from 2020 to help Canberrans pay less at the pump?

Cash-strapped Australians filling up at the fuel pump paid an extra $5 a week over the course of the past three months, according to new figures.

Foremost in the Budget is what Treasurer Josh Frydenberg termed a “temporary, targeted, and responsible” cost of living package “to take pressure off household budgets”. The cost of living, he said, had risen due to the pandemic and the invasion of Ukraine.

Pressure at the fuel pump could be eased slightly if the federal government follows through on an expected temporary slash to the fuel excise.