The Federal Government raised fuel excise to 51.6c/L, costing average drivers about $20 more annually depending on usage.
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This minor increase won’t heavily impact most consumers. Fuel excise is adjusted every February and August by law.
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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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Australians paid $15.71B in fuel excise in 2023-24; $67.6B expected between 2023-27 per the Federal Budget.
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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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