For those with an empty tank. If you can hold off until Wednesday to fill up, you will save 26.3c per liter on both unleaded and diesel fuel due to the fuel excise being halved.
Following a meeting of the National Cabinet today convened by the Prime Minister, the Australian Government will halve the fuel excise on petrol and diesel for three months.
The halving of the fuel excise will reduce the cost of fuel by 26.3 cents per litre.
This will reduce the cost of a 65L tank of fuel by nearly $19.
The spike in fuel prices as a result of the war in the Middle East is hurting Australians and causing financial stress. This will help to provide some relief.
The halving of the fuel excise will commence from April 1 and run to 30 June.
Further, the Albanese Government will reduce the Heavy Vehicle Road User Charge to zero for three months to help truckies continue their vital work for our nation. The Government will also defer the next scheduled increase in the Heavy Vehicle Road User Charge by six months.
Australians are encouraged to use public transport wherever possible to help conserve fuel for the regions, and we welcome existing moves to cut the costs of public transport.
The Australian Competition and Consumer Commission (ACCC) will continue to monitor fuel prices to help ensure that the lower excise rate is fully passed on at the bowser.
While Australia’s fuel supply outlook remains secure in the near term because of the actions the Albanese Government has taken, the longer this war goes the worse the impacts will be.
We are acting now to prepare and shield Australians.
Since the conflict commenced four weeks ago the Albanese Government has taken swift action on fuel. We have:
Passed new laws to double penalties for petrol companies for price gouging
Appointed a national Fuel Supply Taskforce Coordinator and Taskforce
Released 20 per cent of Australia’s petrol and diesel fuel reserves, targeted at regional areas
Changed fuel standards to get more fuel flowing
Changed diesel standards so Australia’s refineries can supply more diesel
Tasked the ACCC to ramp up fuel price monitoring and issue on-the-spot fines.
Engaged with international partners to keep supply flowing, including securing a supply agreement with Singapore.
Introduced laws to make sure companies pay truckies fairly when fuel prices spike
And introduced legislation to underwrite the purchase of fuel by the private sector.
Mod 2/4: Further 5.7c/L cut announced, now 32c from 26.3c. Link and title updated. As the pricing is dynamic and cuts are to taxes (not the final retail price); and since the announcement, prices have not dropped further, we decided it is more sensible to update the existing deal, rather than have a new deal for the additional 5.7c.


No deal. It drives up demand and will deplete the tanks quicker.
This is a supply side driven issue. No discounting will help.
There are better ways to spend tax payer money.