Petrol prices on track to top $2 a litre as Bowen sounds death knell for fuel excise relief

Car owners are likely to see petrol prices above $2 a litre and diesel above $2.40 after the government confirmed the end of the fuel excise discount. Photograph: Hollie Adams/Reuters

Petrol prices could surpass $2 a litre and diesel $2.40 in coming days, after the government’s 16-cent discount ends on Sunday.

The 32-cent per litre reduction in fuel excise, introduced in March at the peak of the fuel price spike, was halved to 16 cents in July.