Australia’s fuel prices are back to pre-war levels, but there’s no room for complacency

Australia’s fuel prices are back to pre-war levels, but there’s no room for complacency.

Fuel prices in Australia fell 40% from March peak to pre-war levels after Iran ceasefire; unleaded $1.56/L. Geopolitical risks persist; government excise (+16¢/L) maintains supply chain cost stability, but Middle East hostilities could trigger fresh spikes.