Why your next tank of petrol could cost $24 more despite US-Iran deal (opens original article in a new tab)

Petrol prices may increase by 40 cents per litre in July if the Albanese government ends its fuel excise cut as planned, following a temporary reduction of 32 cents per litre during the US-Iran conflict.

• Petrol prices could rise by 40 cents per litre in July if the government ends its fuel excise cut.
• The government temporarily reduced the fuel excise by 32 cents per litre during the US-Iran conflict in April.
• The government is considering whether to extend the fuel excise relief beyond June 30.