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When will fuel prices come down? Motorists struggle as relief remains uncertain despite the ceasefire
Background Image: Signage showing fuel prices at a petrol station in Melbourne, Wednesday, April 1, 2026. The fuel excise will be halved for three months as a temporary cost-of-living measure, taking 26.3 cents a litre off the price at the pump. (Credit: AAP Image/Joel Carrett). Inset: Dhiraj Kumar, a full time cab driver in Melbourne, Australia. Credit: (Credit: Supplied by Dhiraj Kumar)
Middle East tensions involving the US, Iran, and Israel and an ongoing oil crisis continue to impact global fuel prices, despite a recently announced ceasefire. Uncertainty around the Strait of Hormuz and tanker movements is keeping pressure on fuel prices, with experts warning that relief may take time to reach Australia. In this podcast, we explore how rising fuel costs are affecting motorists and truck drivers, and what governments and the industry are doing in response.
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