filling up? you're handing over an extra $8.80 to the tax man.
the federal government has ended its temporary fuel tax excise as of august 3rd, adding 16 cents per litre back onto petrol prices.
the 16-cent-per-litre discount on the fuel excise officially ended at midnight on sunday. that means the full tax of 53 cents per litre is back in play, just as international oil prices were already pushing costs toward two dollars. in places like hobart and canberra, unleaded had already crossed that threshold before the tax break even expired.
for anyone driving a standard car with a 55-litre tank, you are looking at nearly nine dollars extra per fill. with diesel prices in melbourne already hitting 242.7 cents, the flow-on effect will likely show up in your grocery bill too, as transport companies pass these higher fuel costs down the line.
