Jun 16, 2026 – 5.03pmThe cost of filling up a petrol car in July is likely to be up to 40¢ a litre higher than it was before the start of the US conflict with Iran if the Albanese government ends its cut to the fuel excise as planned.The government temporarily cut 32¢ per litre from the excise at the height of the crisis in April, at a cost of around $2.5 billion, but is weighing up whether to extend all or part of the relief beyond June 30 as it faces a dip in its political support and an insurgent One Nation.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Why your next tank of petrol could cost $24 more despite US-Iran deal
The impending return of the fuel excise is likely to push fuel prices around 40¢ a litre above their pre-crisis levels.
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