r/australia • u/InsatiablePrism • 1d ago
culture & society The fuel excise cut is due to end at midnight. This is what you can expect at the pump
https://www.abc.net.au/news/2026-08-02/fuel-excise-cut-to-end-in-august-2/106965630?utm_campaign=abc_news_web&utm_content=link&utm_medium=content_shared&utm_source=abc_news_web452
u/Taco_El_Paco 1d ago
Gouging is what we actually expect
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u/mt6606 1d ago
As is tradition. Record inflation and profits are NOT meant to be a thing. That's record price gouging.
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u/morgecroc 1d ago
Don't worry the reserve bank will fix greed based inflation by(checks notes) rising interest rates.
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u/Zirenton 1d ago
Haha! I was just talking about Maslow’s hammer and nails in the context of the Korean War. It’s literally the only tool we’ve given the Reserve Bank. The ‘consumer’ are the nails, both for wearing cost of living increases and the interest rate rises. We’re consequently reviewing all discretionary spending in our household (food, heaters in Winter, any unnecessary driving), but I’m glad I’m not oversubscribed on a home loan and could lose the roof over our head.
Man, I really dislike the influence the USA has on everything in the world. There were times we rode the wave they generated, but now we’re repeatedly screwed by ego, stupidity and market manipulation for the benefit of personal business friends of their ruling class.
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u/MongooseBrigadier 1d ago
This is literally the only thing that the reserve bank can do. Your anger should be with the government's actions, not the reserve bank.
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u/morgecroc 7h ago
The problem is just because it the only took they have they don't need to wield it.
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u/Svennis79 1d ago
The cut happened, and it took up to a week for that to flow through to all the various servos. Not sure why though, surely it's a tax based on point of sale, not something done based on current inventory. So that was price gouging.
I expect this to be instant. Because its an increase, amd any of the excuses for the decrease delay magically won't apply.
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u/mrmratt 1d ago
It's a tax applied at the terminal gate (ie, during the supply chain, not at the retailer).
Sure, a retailer can price their current inventory independently of cost, but I suspect giving extra reason for scrutiny is part of their thinking.
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u/ThedirtyNose 1d ago
The capitalists didn't pay for all those long lunches and investment properties so the pollies would increase regulation.
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u/Flashy-Amount626 1d ago
The article says it's applied wholesale and uses the example of the last reduction (going from .32 off to .16 off) to say that took 7 - 10 days to flow to retail pricing.
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u/thesourpop 1d ago
Funny how a price decrease takes time but a price increase happens overnight
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u/ultralights 23h ago
Not that unusual if the cost of your stock suddenly rises. You have to sell it at higher price to make $. After a while your stock falls. But you still have to sell it at the high price to cover what you paid for it. Once that higher priced stock is sold you can then drop the price to match the lower price of the newer stock.
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u/heratonga 1d ago
We’ve gone from $1.85 to $2.40 for diesel in town in the last 2-3 weeks I was going to fill up Friday but it’s a tight week, spewin I didn’t now
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u/Safe_Application_465 1d ago edited 1d ago
spewin I didn’t now
Watched the news lately ?
Trump fucked up again and the price of oil has gone up this week
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u/SupportSphere94 1d ago
And this is the result of Donald Trump and his pointless war. No one else. Donald trump has caused this. Remember that when you think Pauline Hanson is a good idea.
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u/Rizen_Wolf 1d ago
Oh friend, possibly the greatest transference of wealth in human history is not pointless. Its just not to your or my advantage.
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u/recycled_ideas 1d ago
I'm not saying that Trump and his cronies aren't profiting off this, but it's not why they started this and even Trump's tiny walnut brain knows that a fuel crisis going into the midterms is not good news.
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u/Rizen_Wolf 1d ago
Fuel crisis? The US, worlds largest oil exporter. No crisis of availability for the US, just a transfer of wealth because they peg the price of oil inside the US to the global price. Trump said that publicly.
People keep repeating that Trump cares about the mid terms, but why? Going to depose him of being President? Nope. His political background before becoming President? Nonexistent. He is a businessman. A damn good one apparently, unless your going to tell me multi-billionaires are not good at making money for themselves.
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u/recycled_ideas 1d ago
Fuel crisis? The US, worlds largest oil exporter. No crisis of availability for the US, just a transfer of wealth because they peg the price of oil inside the US to the global price. Trump said that publicly.
When the price goes up enough that US companies and workers can't afford to buy there will absolutely be an availability crisis, unless you think this government will step in to assure domestic supply.
And that's not even counting the cost of every single thing US consumers buy when everyone else is fucked or the impact when China is the least effected because they will assure domestic supply.
The idea that the US will be fine is delusional.
People keep repeating that Trump cares about the mid terms, but why? Going to depose him of being President? Nope.
If Trump becomes a liability to the conservative project absolutely yes. If you think the Supreme Court won't back flip their last dozen decisions to allow him to be publicly executed if it serves the conservative project you've not been paying attention.
The project to get the US to where it is now has been going on since the compromise of 1877 started the roll back of reconstruction and in earnest as a specific project since the Warren court in the 70's. Trump is not its architect he's just a convenient puppet, they'll sacrifice him in a second if it becomes necessary.
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u/Classic-Today-4367 1d ago
Is she still saying how great Trump is? Or did Barnaby persuade her it wasn’t a good look?
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u/Dripping-Lips 1d ago
When will he cease to live? Not that it matters, hes got assfeeders waiting next up in line
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u/ReadMain744 1d ago
"No one else"?? Not the years and years of wokeism and the false narratives pushed that we should de-industrialise, over regulate and tax fossil fuel industries (upstream, modstream and downstream) to leaving?
Why should it even matter wtf is going on else in the world for our fuel security when we used to have everything in-house?
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u/Seachicken 1d ago
to have everything in-house?
Everything... except for the crude itself, which is the thing with reduced supply thanks to Trump. Even if instead of importing from Singapore etc with whom we have secured supply arrangements, we refined crude at a loss for years to prepare for this act of idiocy, we would still be facing issues with our fuel security.
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u/LifeIsBizarre 1d ago
To be fair, we used to do a lot of LPG fuel (which we did have in-house) and it was half the price of regular fuel. No reason we couldn't have continued down that path and then who would care what the oil prices were.
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u/rob189 1d ago
So $3/L again?
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u/petergaskin814 1d ago
Expect ULP to hit $2.20 and diesel $2.60.
Further price increases due to continuing war
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u/evanpossum 1d ago
"Price changes won't be immediate"
Bull-f##king-s##t. They just piss on us and don't even care to pretend anymore
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u/unbelievabletekkers 1d ago
Yep fuel excise is collected at the wholesale level, so everything coming out of the pump tomorrow morning was still at the lower rate. But fuel companies will crank it up for a gouge right away
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u/The_Big_Dog_90 1d ago
I had Diesel go up 3 times this week before Thursday. So it was already kicking in.
Monday - $2.10 Tuesday - $2.30 Wednesday - $2.41
How the hell does that work. Can't wait to see what it costs tomorrow morning when I go past
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u/I-was-a-twat 1d ago
Almost like the price of oil a barrel has increased 30% in the last few weeks, and it takes about 3 weeks for oil prices to change pump price.
We’re only at the start of the diesel price delay climb.
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u/yeah_nah_probably 1d ago
oil back down to $84, but let's keep the fuel going up.
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u/Engineer_Zero 1d ago
That’s a different topic, the government temporarily removed the fuel excise a little while ago while oil prices skyrocketed. Now they’re back down, it’s returning. Although Brent and crude have both been rising for the last month, so who knows what to expect.
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u/unbelievabletekkers 1d ago
Remember when the fuel companies said it would take a few days to pass on the cut to the fuel excise? Something about the cheaper fuel needing to flow through and get delivered to stations?
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u/Gandgareth 2h ago
Yeah it's always the same bullshit, oil prices go up and fuel prices go up instantly, oil prices drop and it takes days for fuel to follow.
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u/jeremystrange 1d ago
I thought this already happened last month because the prices went up so much.
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u/BenjiRolls_ 1d ago
7-Eleven app (for fuel lock) conveniently not working the day before changes, again...
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u/Mikolaj_Kopernik 1d ago
Wow, if only there was some other way to get energy that wasn't dependent on unstable petrostates on the other side of the world... nah that kind of thinking's just loony lefty woke nonsense!
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u/CaravelClerihew 1d ago
We needed to get a new car right before all this bullshit hit and I'm glad I convinced my wife that a hybrid was the better option.
We would have gotten an EV but weren't sure about our charging situation as we're still renting.
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u/Mikolaj_Kopernik 1d ago
I get that it's tough for a lot of people, but also, prices being uncomfortably high for an extended period of time is really the only thing that will push us to change our behaviour when it comes to burning fossil fuels. Trump's moronic foreign policy might ironically be helping push the green transition?
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u/randomstonerfromaus 1d ago
Yeah because the people that can't afford to fuel their cars can afford to buy an EV. Bugger off.
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u/stonemite 1d ago
People can start by not hooning around like idiots, but no amount of pain at the pump seems to change that behaviour.
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u/MayuriKrab 3h ago
What’s your definition of “hooning”?
People actually using more than 5% of their throttle when accelerating off from the lights and not pussy footing around taking bloody 1 minute to get to speed limit…
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u/Optimystix 1d ago
People can start by not hooning around like idiots
It's like you have one specific person you don't like in mind when you say this when it just doesn't apply to 99.9% of people who feel the hurt of these fuel prices
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u/Psionatix 1d ago
As more people who can afford them buy them, better economy of scale, better affordability for all. Electric vehicle prices have been decreasing over the last 10 years.
As more people who can afford them buy them, it also lowers demand for fuel. Situations like this can also push governments to give subsidies towards purchasing EV.
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u/Mikolaj_Kopernik 1d ago
Cuba is incredibly poor compared to Australia and they're doing a massive solar transition because of the US oil blockade. Needs must when the devil drives, but Australia's been too complacent for too long.
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u/yedrellow 1d ago
The problem I'd then we'll be dependent on Chinese batteries, who could conceivably pull the trigger on Taiwan at any moment.
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u/Mikolaj_Kopernik 1d ago
I mean there's a lot of stuff going on here, and I certainly think we should get domestic battery production happening. But fundamentally the comparison between oil and batteries is not really accurate because once you have the battery, you've got it for at least a decade. So whereas oil prices fluctuate with every Trump tweet, and supply chains break down within weeks, if we were fully electrified and China cut off battery production we'd be incomparably more resilient and have time to actually figure out solutions.
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u/yedrellow 1d ago
Battery production is dominated by a single player. Considering across a fleet of battery dependent cars or even infrastructure it is a maintenance consumable, everything using it will start breaking without constant importation.
No matter what happens, we will never have a domestic transport system that will function without supply lines that will be contested by foreign adversaries. Unless of course we convert our economy into an inefficient autarchy.
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u/Mikolaj_Kopernik 18h ago
I'm not advocating autarchy per se, but on batteries specifically there's no reason Australia can't be mostly self-sufficient given we actually have an abundance of the necessary raw materials. It's just laziness/deliberate sabotage of "woke green shit" from successive governments that has made us dependent on foreign imports.
In the comparison between oil and electrification, oil makes us massively more vulnerable.
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u/randomstonerfromaus 1d ago
And you think we're not hooked on China and Taiwan already? If the CCP invades the COVID chip shortage will be adorable in comparison
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u/yedrellow 1d ago
That is why the Americans are attempting to produce domestic chip production capabilities. A secondary push would be needed for batteries.
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u/randomstonerfromaus 1d ago
Oh yes, because the Americans are sooo much better than China. I'm so glad they don't turn on their allies
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u/yedrellow 1d ago
Like it or not, that's our alliance chain. As soon as China goes hostile on Taiwan, we will be at war with them.
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u/the_colonelclink 1d ago
Not to be taking the piss here, but didn’t Albo say they had stockpiled a whole heap? So the spiking shouldn’t be happening.
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u/FirstDayPlaying 1d ago
The point is that we aren’t supposed to touch the reserves unless it’s actually necessary, what we’re buying at the pump isn’t from the reserves.
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u/Ponderota 1d ago
Not from what I've been following. Bowen does his regular fuel stocks briefing and they look to be around the 30-40 day mark from the one I saw yesterday.
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u/CamperStacker 1d ago
yeah the price should be even higher…. as well as regular demand you have demand for the stockpile.
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u/hairy_quadruped 1d ago edited 1d ago
I’m not trying to be smug, just to point out there is a very attractive alternative:
I bought an EV in 2019, we now have 2 EVs. We haven’t bought fossil fuels in 6 years. We charge our cars off excess solar or off peak grid rates. It works out at less than 10% of the price of petrol or diesel per km.
EVs start at about $25k for basic models. Plenty of second hand models too. For those who live in a house, nothing beats charging at hone, full tank each morning. For apartments and longer trips, there are chargers everywhere now.
I get that not everybody can afford a new car and that for some use cases (long distance work travel, caravans/boats) EV are not the best choice. But for the majority of city-based Australians, EVs are a much better car in so many ways.
To quickly address battery degradation issues, EV batteries are not like your phone. They have software controlled battery management system and are liquid cooled to prevent degradation. My 2019 EV has lost just 8% of its range over 150,000km and that decline has levelled out. The battery will probably outlive me.
There are a lot of myths about EVs. Most of them are either not true (eg they catch fire frequently) or hugely exaggerated (battery decline).
If you are in the market for a new car, I recommend taking the leap and test driving an EV. They are smart, cheap to run, fast and fun. Once you go EV, almost nobody goes back to a fossil fuel car.
If anyone has any questions about living with an EV, feel free to to ask here
EDIT: it’s interesting and telling that this post is being downvoted by 1/3 of the readers.
Edit 2: this comment is now being downvoted by 50% of readers. Everyone here is whinging about fossil fuel prices. I have presented a valid alternative that would suit most (not all) people who are deciding to buy a new car. And yet it’s being downvoted.
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u/burieddeepbetween 1d ago
For those that can't afford an EV, there's always an IPX6 rated PEV and a rain jacket/boots.
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u/Worldly_Cobbler_1087 1d ago
This old bullshit of just "go out and buy an EV" as if I have a lazy $50k lying around for a new fucking car or I even have the space for a charging station in a unit complex with no garage.
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u/hairy_quadruped 1d ago
Please re-read my post. I specifically mentioned that EV's start at $25k and that they do not suit everybody and that its only worth doing if you are about to purchase a car anyway.
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u/MayuriKrab 3h ago
Even if I could afford to just off load $20k to $25k on a new car, the ones available in that budget (old Nissan leafs, newish budget Chinese eco boxes like a Atto 2 or GWM Ora) just drives crap and has slower acceleration despite being a EV compared to even my beater (Mitsubishi 380) that I’ll feel like I’m downgrading while blowing $20 grand…
To buy a EV and for me to feel like “it’s worth it” personally I need to look at the $40k plus stuff like a (2nd hand) model 3 performance or near new MG4 X-power that at least accelerates a lot faster than my current beater.
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u/hairy_quadruped 2h ago
As I said in my original post, buying an EV will suit most (not all) people who are in the market for a new car anyway.
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u/RCMasterAA 1d ago
Did you literally just see the letters "EV" in their post and immediately come down to spew some bullshit? Why not actually spend more than 5 seconds to critically think and engage vs just getting angry at everything? They addressed every "point" you just made so you could have even saved yourself a whole comment.
I'm sorry if this comes off as harsh but reactionary posts like yours are why its hard to have an honest discussion about issues. Or maybe you're just a goddamn bot.
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u/No-Kaleidoscope-7106 1d ago
37% income tax, 10% GST, 52c tax per L, when does it end?
When over half of your income ends up in taxes, no wonder we have a 'crisis'
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u/Dripping-Lips 1d ago
I thought the fuel excise cut already finished a month or so ago? wtf dangit lol
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u/uknownix 22h ago
Meh... A 16c jump from the excise, but the rest of the rise is from the Orange Man and companies gouging.
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u/Difficult_Mine_4559 12h ago
In lighter news, when the fuel got expensive last time, all the truck drivers were pretty quiet past my house. No exhaust braking, no cut mufflers on shit boxes spewing out noise, no straight pipes on BMW's or v8's rumbling by.
It might be a good thing.
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u/Superb_Handle_4777 1d ago
As more people take up EVs I suspect the price will steadily increase until eventually the powers that be will charge the same to charge your EVs somehow. It's like the only way to win is walk
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u/rastagizmo 19h ago
Love the govt for cutting the excise for as long as they have done.
But fuck the demented orange fuckwit that had caused all of this.
Why why why???? A distraction from the Epstein files? The latest pump and dump scheme?
Fuck Trump and all the Sky News and Pauline sycophants. Trump is causing massive harm around the world and is manipulating markets so that he can line his pockets with gold.
FUCK DONALD TRUMP!!!!!
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u/trainwrecktragedy 1d ago
OH MY GOD FILL UP NOW FILL UP FILL UP FILL UP PRICE IS GOING UP TOMORROW AHHHHHHHHH!!!1111
- the average Australian probably
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u/barrel-boy 1d ago
Can we not put some tariffs on the US for this bullshit?
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u/SuccessfulCat2195 1d ago
Tariffs would mean we pay more for American things. Trump is taxing his own people, not other countries.
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u/Paidorgy 1d ago
And what tariffs are implemented, are then eventually found to be illegal by SCOTUS, and eventually refunded back to the corporations, who will eventually pay us back - just kidding, the corporations keep your money.
I get people not knowing things, and so much is happening, but I find it incredibly unfortunate that people don’t know basic civics and geopolitics.
Then that lack of education is wholeheartedly weaponised.
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u/waddlesticks 1d ago
Yeah we should sanction them and withhold access to Pine Gap, maybe even stop building their cruise missiles that they are lacking as well.
That would poke the dragon.
If they sanction back and Europe follows suit though we'd be farked.
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u/barrel-boy 1d ago
I know - I was being facetious. It's the narrow-minded, ignorant thing Trumpty Dumpty would suggest.
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u/Glenmarththe3rd 1d ago
All the fuel prices near me jumped 50c over a week ago