Petrol and diesel prices fall across Australia as Labor’s fuel excise cut takes effect

<p>Adelaide has the biggest price decline, with unleaded down 24.9 cents and diesel down 21.3 cents</p><ul><li><p><a href="https://www.theguardian.com/australia-news/live/2026/apr/01/australian-politics-live-cost-of-living-fuel-crisis-excise-inflation-anthony-albanese-jim-chalmers-budget-health-insurance-premiums-ntwnfb">Follow our Australia news live blog for latest updates</a></p></li><li><p>Get our <a href="https://www.theguardian.com/email-newsletters?CMP=cvau_sfl">breaking news email</a>, <a href="https://app.adjust.com/w4u7jx3">free app</a> or <a href="https://www.theguardian.com/australia-news/series/full-story?CMP=cvau_sfl">daily news podcast</a></p></li></ul><p>Fuel prices have started falling immediately across Australia in the wake of the government’s fuel excise cut, unexpectedly accelerating the delivery of the Albanese government’s cost-of-living relief.</p><p>Prices in capital cities paused then plummeted on Wednesday, after the prime minister announced the tax on petrol and diesel would be halved to 26.3 cents a litre.</p> <a href="https://www.theguardian.com/australia-news/2026/apr/01/australia-fuel-restrictions-rationing-petrol-diesel-prices-excise-cut">Continue reading...</a>