Why fuel excise cut is being extended by another month but at smaller discount (opens original article in a new tab)

The Australian government extends the fuel excise cut until August 2 with a smaller discount, reducing the per litre cut from 32 cents to 16 cents, while also increasing the Heavy Vehicle Road User Charge. The extension aims to continue easing fuel costs amid ongoing supply chain impacts, though prices are expected to rise slightly from July 1.

• Federal government extends fuel excise cut until August 2 with reduced discount from 32 cents to 16 cents per litre
• Heavy Vehicle Road User Charge increases to 16 cents per litre as part of temporary measures
• Prime Minister Anthony Albanese mentions possibility of further extension beyond July due to ongoing fuel cost pressures
• Australian retail diesel and petrol prices dropped significantly following initial excise reduction, with expected slight increase from July 1