Overview
- The federal government ended the temporary fuel excise at 11:59pm on Sunday, restoring the levy to its twice‑indexed pre‑cut level.
- The final rollback increases wholesale petrol and diesel prices by roughly 16 cents a litre plus about 1 cent for inflation indexing, a total near 17 cents.
- Retail pump prices are not expected to jump instantly because stations will sell down cheaper stock first, with past transitions taking about a week to 10 days to flow through to most service stations.
- Diesel is the bigger worry for supply chains because tighter diesel markets will lift costs for farmers, freight firms and food suppliers, which could filter into higher grocery and goods prices over coming months.
- The government says national fuel stocks are secure and the cut was always temporary, while the ACCC will monitor retail pricing and consumer groups urge drivers to compare prices and avoid panic buying.