Australia Warns Servos of $100 Million Fines as Fuel Excise Cut Ends
Updated
Updated · InDaily Queensland · Aug 3
Australia Warns Servos of $100 Million Fines as Fuel Excise Cut Ends
3 articles · Updated · InDaily Queensland · Aug 3
Summary
$100 million per offence is the penalty servos and suppliers could face after Treasurer Jim Chalmers asked the ACCC to closely watch fuel pricing as the excise discount expired on Monday.
32 cents a litre in tax relief that began in April was first halved in July and then removed entirely, while renewed Iran-US conflict has pushed oil prices higher.
More than 40 cents a litre has already been added to average petrol prices since late June, with diesel up more than 60 cents in most capital cities.
Truckers, food distributors and farmers say the higher diesel bill and restored road-user charges will lift transport costs, with some operators already stopping work because customers cannot absorb the increase.
Chalmers said the government does not intend to restore the excise cut, leaving households and supply chains exposed if Middle East volatility keeps fuel prices elevated.