Prices to jump at the bowser as fuel excise cut ends tonight

The Australian government's temporary fuel excise cut is set to expire tonight, leading to an anticipated increase in the cost of unleaded petrol and diesel at the bowser. Motorists are expected to see these price hikes reflected at service stations over the coming week.

Despite the end of the relief measure, industry experts suggest that fuel prices are unlikely to reach the record highs previously observed. This outlook is attributed to an increase in global fuel supply, which is expected to mitigate some of the impact of the excise reinstatement.