{"id":568460,"date":"2026-07-26T04:37:13","date_gmt":"2026-07-26T04:37:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/568460\/"},"modified":"2026-07-26T04:37:13","modified_gmt":"2026-07-26T04:37:13","slug":"anthony-albanese-delivers-harsh-fuel-excise-news-to-australian-motorists-as-fresh-escalation-of-iran-war-sends-oil-prices-soaring","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/568460\/","title":{"rendered":"Anthony Albanese delivers harsh fuel excise news to Australian motorists as fresh escalation of Iran war sends oil prices soaring"},"content":{"rendered":"

By ANDREW BROWN FOR AAP <\/p>\n

Published: 23:18 EDT, 25 July 2026 | Updated: 23:18 EDT, 25 July 2026 <\/p>\n

Fuel excise relief for motorists is unlikely to be extended despite the war in the Middle East flaring up.<\/p>\n

The Labor government halved the fuel excise for three months from April in response to rising prices<\/a> as a result of the US-Israeli war with Iran<\/a>, saving drivers 32 cents a litre on fuel.<\/p>\n

The measure was extended for a further month in July, but at a reduced rate of 16 cents per litre.<\/p>\n

The extension is due to lapse on August 2.<\/p>\n

Fresh tensions between the US and Iran have caused Brent crude oil prices to rise to more than $US100 a barrel, but Prime Minister Anthony Albanese<\/a> has indicated continued excise relief is not on the cards.<\/p>\n

‘That’s not in our planning at this point in time,’ he told ABC’s Insiders program on Sunday.<\/p>\n

‘(Fuel) usage has come down and is indeed lower than it was a year ago as well, but importantly as well, we have kept supply going.’<\/p>\n

Mr Albanese indicated some fuel-related measures were in the pipeline.<\/p>\n

\"Fuel <\/p>\n

Fuel excise relief for motorists is unlikely to be extended despite the war in the Middle East flaring up.<\/p>\n

\"However, <\/p>\n

However, Mr Albanese indicated some fuel-related measures were in the pipeline.<\/p>\n

‘We’ll have some more announcements about fuel in the coming days and weeks as well,’ he said.<\/p>\n

‘We’ll continue to examine things that were in that process in the budget.’<\/p>\n

Drivers have been warned petrol prices could reach more than $2 a litre as the excise discount is wound back.<\/p>\n

Average prices for unleaded petrol have climbed to more than $1.80 per litre in all state capitals in recent days, up from about $1.50 at the end of June.<\/p>\n

The jump in oil prices comes as Iran-aligned Houthi militants fired on Saudi oil installations on the coast of the Red Sea and Tehran attempted to shut down shipments through the Strait of Hormuz again<\/a>.<\/p>\n

US strikes have recommenced in response to Iranian attacks on vessels travelling through the strait, a key oil transit route.<\/a><\/p>\n

Mr Albanese said a continuation of the conflict would lead to economic pressure.<\/p>\n

‘The war is having an impact here in Australia and the longer it goes, the bigger the impact will be,’ he said.<\/p>\n

‘This is a war on the other side of the world.<\/p>\n

‘We are not protagonists in it, but we are impacted by it and we’ve consistently called for a de-escalation.’<\/p>\n

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