Fuel excise cut ends as prices set to jump | Sunrise

The Federal Government has confirmed it will not extend the fuel excise cut beyond 30 June, meaning petrol prices will rise by at least 32 cents per litre, potentially up to 40 cents. The excise cut cost more than $2 billion for three months and successfully helped reduce inflation. Commentators debate whether extending the measure would benefit families struggling with cost of living pressures or worsen inflation and lead to higher mortgage rates. Get the latest news » https://7news.com.au 7Plus » https://7plus.com.au/ More from Sunrise » https://sunrise.com.au Subscribe to Sunrise » https://7news.link/SunriseSubscribe Subscribe to the Sunrise newsletter » http://7sunrise.link/Newsletter Connect with Sunrise online: Facebook » https://www.facebook.com/Sunrise Instagram » https://www.instagram.com/sunriseon7/ TikTok » https://www.tiktok.com/@sunriseon7 X » https://x.com/sunriseon7 #SunriseOn7 #7NEWS