Petrol prices on track to top $2 a litre as Bowen sounds death knell for fuel excise relief

Petrol prices are expected to exceed $2 per litre across Australian capital cities following the end of the government's fuel excise relief on Sunday. The 16-cent per litre discount, which was reduced from an initial 32-cent reduction introduced in March, will completely expire, allowing fuel prices to rise to unprecedented levels with diesel potentially reaching $2.40 per litre.