# Petrol prices set to exceed $2 a litre as Bowen signals end of fuel relief

https://mins.news/en/item/11636

- The Guardian, 2026-08-01 02:22 UTC
- Economy
- Original: https://www.theguardian.com/australia-news/2026/aug/01/petrol-prices-on-track-to-top-2-a-litre-as-bowen-sounds-death-knell-for-fuel-excise-relief

> Petrol prices have risen above $1.90 a litre in every Australian capital city. Diesel is forecast to pass $2.40 a litre within days. The government’s 16-cent-per-litre discount is due to end on Sunday. The fuel-excise reduction was introduced at 32 cents a litre in March, when prices peaked, before being cut in half in July. Treasurer Jim Bowen has signalled that the relief will not continue, setting the stage for higher costs at the pump.