Episode Details

Fuel prices are soaring and showing no signs of slowing, as government officials confirm no more excise cuts are coming — even as oil benchmarks like Tapis climb. Unleaded fuel has jumped 37% since July, with diesel up even more at 45%, thanks to a direct one-cent pump increase for every dollar in oil price moves. Middle East tensions and disrupted pricing patterns mean drivers are stuck paying the premium, while the government shifts focus to other cost-of-living relief like tax cuts and cheaper meds. Energy ministers are now jetting off to Saudi Arabia to secure supply, while Aussies are urged to compare stations and explore biofuels to ease the squeeze.

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This is an automated, high-level news summary based on public reporting.
Sources:
https://www.perthnow.com.au/news/business/motorists-warned-to-expect-no-relief-as-government-refuses-to-cut-fuel-excise-c-22873447

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