Full fuel excise is back but prices should lag, says ACCC

Drivers should brace for a petrol price hike in coming days, with the return of the full fuel excise tax.

Drivers should brace for a petrol price hike in coming days, with the return of the full fuel excise tax. Source: AAP / AAP

Key Points

• Petrol price is about to rise yet again.
• On midnight of September 28, the full excise was reintroduced.
• Australia's consumer regulator says it will keep a close eye on retailers for any signs of overcharging.

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Filipino FUEL EXCISE RNF FINAL

Full fuel excise is back but prices should lag, says ACCC.

05:21

The tax was halved by the previous Morrison government six months ago as a measure to ease the cost of living.

The competition regulator is warning it will take steps against any fuel retailers found to be overcharging.

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