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The Canberra Times
The Canberra Times
National
Peter Brewer

Why is the price of fuel going back up, yet again?

ACCC Federal Petrol ACT
Prepare for a huge jump in petrol prices next week as the fuel excise cut is returned in full. Picture by Sitthixay Ditthavong

A sharp increase in fuel prices will arrive next week as the six-month excise cut by the previous Morrison Federal government back in March is returned in full at the bowser.

Adding in the August Consumer Price Index (CPI) rise of 0.9 cents per litre, and topping it with GST, taxes on petrol and diesel will add an immediate 25.3 cents per litre to every pump from September 30.

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