{"id":834796,"date":"2026-07-31T03:16:16","date_gmt":"2026-07-31T03:16:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/834796\/"},"modified":"2026-07-31T03:16:16","modified_gmt":"2026-07-31T03:16:16","slug":"petrol-prices-australia-petrol-prices-to-rise-immediately-after-tax-change-as-panic-buying-fears-rise","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/834796\/","title":{"rendered":"Petrol prices Australia: Petrol prices to rise immediately after tax change as panic buying fears rise"},"content":{"rendered":"

Petrol prices around Australia<\/a> will rise as soon as a cut to the fuel excise is removed on Sunday, experts warn.<\/p>\n

The fuel excise, the tax Aussies pay on fuel, will rise by 16 cents per litre this weekend<\/a> after the government ruled out extending the cut that began in April.<\/p>\n

\"Generic<\/p>\n

Fuel prices could skyrocket from Sunday.\u00a0Louie Douvis<\/p>\n

These changes will filter through straight away, giving Aussies pain at the petrol pump.<\/p>\n

\u201cMotorists can expect to pay around 17 to 18 cents more per litre,\u201d Swinburne transport expert Professor Hussein Dia said.<\/p>\n

\u201cThat would add roughly $9 to a 50-litre fill or about $11 to a 65-litre tank.\u201d<\/p>\n

Dia warned this could see drivers rush to the bowser on Saturday to fill up before the prices spike.<\/p>\n

\u201cThere may be a rush to fill up this weekend, particularly among households and businesses with large fuel requirements,\u201d he said.<\/p>\n

However, Dia urged drivers to be responsible when filling up.<\/p>\n

\u201cMy advice would be that motorists who are already due to fill their tanks may sensibly do so before Monday, but there is no need for panic buying,\u201d he said.<\/p>\n

He said there are multiple factors behind the expected increase in the price of fuel in Australia, but he insisted the tax changes would have a \u201cmeasurable\u201d impact.<\/p>\n

The cut to the fuel excise was supposed to end on July 1, but was extended for an extra month as the global price of oil remained unstable due to the continuing Middle East war.<\/p>\n

However, the government said<\/a> it was focused on providing more long-term cost of living relief for Australians, instead of extending a measure that was always designed to be temporary.<\/p>\n

\u201cIt was taken initially when those prices for petrol in particular skyrocketed after war in the Middle East,\u2032 Finance Minister Katy Gallagher told The Today Show on Thursday.<\/p>\n

\u201cAlways central to our thinking [is] how do we provide cost of living help without adding to some of the inflationary pressure we\u2019re seeing in the economy.\u201d<\/p>\n

The cost of oil continues to change erratically, and as the war shows no sign of ending, supply chains remain disrupted.<\/p>\n

Dia said this would compound price rises to fuel in Australia.<\/p>\n

\u201cIf elevated international oil prices, insurance costs and shipping disruptions persist, they could place additional pressure on Australian petrol and diesel prices over the coming weeks,\u201d he said.<\/p>\n

\u201cDisruptions to major energy and shipping routes eventually flow through to Australian households and businesses.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Petrol prices around Australia will rise as soon as a cut to the fuel excise is removed on…\n","protected":false},"author":2,"featured_media":834797,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99],"class_list":["post-834796","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/834796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=834796"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/834796\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/834797"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=834796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=834796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=834796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}