Australia fuel excise cut set to end as Hormuz shipping uncertainty continues
Australia's temporary fuel excise cut is due to expire on June 30, with uncertainty still hanging over oil prices after disruption linked to the US-Israeli attack on Iran and shipping problems through the Strait of Hormuz. The measure was introduced to ease pressure on motorists after the oil shock pushed fuel prices higher. Officials and analysts say the outlook remains unclear because there is still no agreement on how shipping through the strait will be managed.The federal government halved the fuel excise for three months after major disruptions to the fuel supply chain and a subsequent shortage. The cut reduced... [Continue Reading]
360LiveNews | 04 Jun 2026 20:10 LONDON
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