Petrol could top $2 a litre by June as excise winds up

Australia's 32¢-per-litre fuel excise discount ends June 30, potentially pushing unleaded petrol above $2.15 and diesel beyond $2.60, Treasurer Jim Chalmers said Wednesday. Current prices average $1.85 for petrol and $2.27 for diesel in major cities. The government will not extend the temporary relief, though analysts warn Middle East tensions could drive prices higher before the cut expires.

Summary by Glance · SMH