Episode Details

Fuel prices are set to rise again as government excise duty cuts expire—but officials are avoiding a shock hike with a planned gradual increase. Originally slashing 32 cents off diesel and 27 cents off petrol, the cuts are ending in July, and ministers say absorbing the full cost at once would be too harsh for households and businesses. Balancing fiscal responsibility with public pressure, they’re eyeing global oil market improvements and reopened shipping lanes as factors. A final decision looms next week, as opposition pushes for the cuts to linger until the budget—but the government argues current conditions differ from when the cuts began.

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