Fuel excise increased by 0.8c/L

The Federal Government raised fuel excise to 51.6c/L, costing average drivers about $20 more annually depending on usage.

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Not a massive spike for drivers

This minor increase won’t heavily impact most consumers. Fuel excise is adjusted every February and August by law.

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Real fuel price factors explained

Fuel costs depend on more than excise. Wholesale rates, retailer overheads, and location all influence what you pay at the bowser.

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$15.7B paid in excise last year

Australians paid $15.71B in fuel excise in 2023-24; $67.6B expected between 2023-27 per the Federal Budget.

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Experts warn of unfair burdens

VACC warns fuel taxes hit low-income drivers hardest, calling for transparency and a fairer breakdown of fuel pricing for Australians.

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