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Fuel Prices Rise as Excise Cut Ends | Australia News
Published 4 days, 23 hours ago
Description
Fuel prices are set to spike as the 32-cent-per-litre excise cut ends August 2nd, just as Middle East tensions drive oil above $100 a barrel. Despite rising costs and falling fuel demand, the Prime Minister confirms no extension — and hints at other possible fuel measures. With gas potentially crossing $2 a litre, the war’s economic ripple effects are hitting home, urging de-escalation to ease the squeeze.
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