Albanese government removes tax break: Fuel prices to rise today
- Australia's fuel excise discount ends, pushing up petrol and diesel prices
- Treasurer warns of $100m fines for price gouging by fuel retailers
- Food and freight industries fear knock-on cost rises for consumers
The Australian government has scrapped a temporary cut to the fuel excise, meaning petrol and diesel prices will rise from Monday, with flow-on effects expected for food and freight costs. Treasurer Jim Chalmers has warned petrol stations and fuel suppliers against price gouging, asking the Australian Competition and…