{"id":848034,"date":"2026-08-08T13:56:12","date_gmt":"2026-08-08T13:56:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/848034\/"},"modified":"2026-08-08T13:56:12","modified_gmt":"2026-08-08T13:56:12","slug":"petrol-prices-top-2-a-litre-as-fuel-excise-cut-ends","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/848034\/","title":{"rendered":"Petrol prices: Top $2 a litre as fuel excise cut ends"},"content":{"rendered":"

Australians<\/a> are paying more than $2 a litre for petrol again, after the government\u2019s temporary fuel tax relief ended.<\/p>\n

As a result, it means households across Australia will be hit with an increase to their expense, as the Coalition prepares to make cost-of-living one of its key attacks when Parliament returns next week<\/a>.<\/p>\n

\"\"<\/p>\n

Australians are paying over $2 a litre for petrol again as the government\u2019s temporary fuel tax relief ends.\u00a09News<\/p>\n

The government has released its latest fuel security update, showing Australia\u2019s stockpiles remain above levels recorded during the height of the fuel crisis<\/a>, despite slight falls in petrol and diesel reserves.<\/p>\n

Energy Minister Chris Bowen acknowledged motorists were paying higher prices at the bowser.<\/p>\n

\u201cPetrol is more expensive<\/a> than we\u2019d like it to be,\u201d he said.<\/p>\n

The full fuel excise has now returned after the temporary tax cut expired, sending fuel prices climbing across the country.<\/p>\n

Bowen argued prices remain well below the levels seen when the government first stepped in to half the excise.<\/p>\n

\u201cBut prices are about 50 cents less now than at the time the government took the decision to halve the fuel excise,\u201d he said.<\/p>\n

Figures show Australia has 42 days of petrol supply, down one day from the previous update.<\/p>\n

\"\"<\/p>\n

Bowen acknowledged motorists were paying higher prices at the bowser.\u00a09News<\/p>\n

Diesel reserves have fallen by three days to 36 days, while jet fuel remains steady at 34 days.<\/p>\n

Despite those declines, reserves across all three fuel types remain higher than they were at the height of the Middle East<\/a> supply concerns.<\/p>\n

The Coalition says the figures underline the need for a stronger long-term strategy.<\/p>\n

\u201cThe government talks a big game on fuel security. But what we want to see is a long-term plan,\u201d Deputy Liberal Leader Jane Hume said.<\/p>\n

Shadow Resources Minister Susan McDonald argued increasing domestic production was the answer to easing fuel costs.<\/p>\n

\u201cOil production, the gas production, resource production from Australia is the thing that will bring down prices in this country,\u201d she said.<\/p>\n

\"\"<\/p>\n

The government says Australia\u2019s stockpiles remain above levels recorded during the height of the fuel crisis.\u00a09News<\/p>\n

Fuel costs are expected to dominate when Parliament returns on Tuesday, alongside housing and broader cost-of-living measures.<\/p>\n

Hume said the Opposition<\/a> would continue to attack Labor\u2019s economic agenda.<\/p>\n

\u201cWell it\u2019s been six weeks since we\u2019ve been back in Parliament and, let\u2019s face it, Labor\u2019s toxic taxes are continuing to wreak havoc,\u201d she said.<\/p>\n

The Coalition pointed to falling auction clearance rates, declining house prices and rising rents as evidence its criticism was justified.<\/p>\n

It also argued demand from first-home buyers has fallen despite conditions becoming easier for many people trying to enter the property market.<\/p>\n

\u201cThis is Labor\u2019s trifecta of housing failures<\/a>,\u201d Hume said.<\/p>\n

Bowen rejected that criticism, defending the government\u2019s housing reforms.<\/p>\n

\u201cReal change was necessary because first home buyers were not getting a fair shot,\u201d he said.<\/p>\n

\u201cAnd the government needed to fix it.\u201d<\/p>\n

But things could be on the turn in the housing market with one real estate agency flagging the strongest national clearance rate since mid-May at Saturday\u2019s auctions.<\/p>\n

Ray White bosses said the number of homes selling has pushed back above 53 per cent mark.<\/p>\n

\u201cThe market doesn\u2019t need to be booming to be getting better, and this week feels like a meaningful step in the right direction,\u201d Ray White CEO, Performance and Value, Thomas McGlynn said.<\/p>\n","protected":false},"excerpt":{"rendered":"Australians are paying more than $2 a litre for petrol again, after the government\u2019s temporary fuel tax relief…\n","protected":false},"author":2,"featured_media":848035,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99],"class_list":["post-848034","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\/848034","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=848034"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/848034\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/848035"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=848034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=848034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=848034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}