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War & Conflict3h 1m ago
The Australian government is unlikely to extend the 32-cent-a-litre fuel tax cut, which is set to expire in July, meaning motorists face higher prices even if a peace deal in the Iran war materializes.
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Australia
Who
Australian Prime Minister Anthony Albanese, Energy Minister Chris Bowen, Treasurer Jim Chalmers, AMP chief economist Shane Oliver, NRMA spokesman Peter Khoury, US President Donald Trump
What
The Australian government is unlikely to extend the 32-cent-a-litre fuel tax cut, which is set to expire in July, meaning motorists face higher prices even if a peace deal in the Iran war materializes.
When
Fri, 12 Jun 2026 17:32:59 GMT · 3h 1m ago
Where
Australia ·
Why
The Australian government is unlikely to extend the fuel tax cut due to its $3 billion cost, and officials are hosing down expectations of an extension.
The Frontline Impact
How this affects you
If the fuel tax cut is not extended, Australian motorists will likely see at least a 32-cent per litre increase in petrol prices, with analysts suggesting prices could remain above pre-war levels due to persistent oil price risk premiums.
Story chain
2 events in this thread- War & Conflict3h 1m agoAustralian motorists are unlikely to benefit from any deal to end the Iran war due to the looming end of the fuel tax cut.Open article
- Currently Reading3h 1m agoThe Australian government is unlikely to extend the 32-cent-a-litre fuel tax cut, which is set to expire in July, meaning motorists face higher prices even if a peace deal in the Iran war materializes.