Fuel prices are about to skyrocket as the government’s temporary excise discount ends this Sunday — goodbye, 16 cents off the pump. With petrol potentially hitting over $2 per litre and diesel climbing past $2.40, drivers can expect an extra $8.80 per fill-up for a 55-litre tank. The move follows the government’s decision not to extend cost-of-living relief, with Energy Minister Chris Bowen confirming it’s final. Global oil price spikes from Middle East tensions have already pushed stations higher, and analysts warn prices could hit $100/barrel again if conflict continues — echoing March’s pre-discount highs of $2.50+ for petrol and $3+ for diesel. Economists say the discount helped curb inflation and supported household budgets, so its removal could add $20 weekly to your fuel bill. The government urges calm — Australia has ample fuel on the way — no need to panic buy.
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