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The New Daily
The New Daily
Business
Matthew Elmas

‘Double whammy’: Petrol prices to surge as global oil rebounds before tax relief ends

The outlook for petrol prices is souring after a few weeks of relief, experts warn. Photo: Gettty

Australians are being warned to brace for higher fuel costs in September and October as rising global oil prices flow through to local petrol bowsers and the government ends its temporary fuel excise cut.

The end of the fuel excise discount on September 30 will double the tax paid on petrol to 44.2 cents per litre and push up local fuel costs at a time when rising global oil prices are already making it more expensive for Australian motorists to fill up their tanks.

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