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  • Wed. Apr 15th, 2026

Australia fuel crisis LIVE updates: PM announces fuel excise to be halved for three months as petrol prices soar across nation; free public transport backed in Victoria, Tasmania

What you need to know By Broede Carmody

Good afternoon, and thanks for reading our live coverage following a national cabinet meeting to discuss the fuel crisis.

We’ll leave you with the national average fuel prices over the past week, reported today by peak industry body the Australian Institute of Petroleum. They make for tough reading.

Regular unleaded petrol hit $2.53 per litre, up 40 per cent compared to prices before the war began on February 28. Diesel reached $3.10, up 72 per cent.

Here’s what you need to know from this morning’s meeting of national cabinet: