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Albanese flags new fuel announcements as petrol prices tipped to spike further
SBS acknowledges the Traditional Custodians of Country and their connections and continuous care for the skies, lands and waterways throughout Australia.
Prime Minister Anthony Albanese says his government is not planning to extend the fuel excise discount but has foreshadowed there will be further announcements on fuel in the coming days.
The 32 cents a litre fuel excise discount expired 30 June but was extended by another month at 16 cents a litre.
That discount is set to expire 2 August, at which point Australian drivers will no longer be shielded from price increases at the bowser.
Petrol and diesel prices have risen sharply in the past week. In Melbourne, unleaded rose six per cent to $1.80 per litre, while diesel rose 12 per cent to $2.17.
Discount ends for drivers
Pain at the pump is about to worsen for Australian drivers, when the fuel excise returns at the end of the week.
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Federal government says fuel supply 'solid and secure' as prices climb again
Energy minister Chris Bowen says Australia currently has more fuel in store than when the conflict in the Middle East began. (ABC News)
The federal government is moving to reassure motorists about Australia's fuel supply as the conflict between the United States and Iran re-escalates once again.
Oil prices tipped over $US100 ($143) a barrel this week for the first time since May, with the national average unleaded 91 price at $1.88 per litre on Saturday and diesel at $2.30.
The fuel excise discount is due to expire on August 2, having been halved this month to 16 cents per litre.
The federal government is moving to reassure motorists about Australia's fuel supply as petrol prices rise amid renewed clashes in the five-month-old war in the Middle East.
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