Petrol prices are falling, while diesel prices are rising despite a reduction in excise duty

The price of petrol at the pump across Australia fell by an average of 13.3 cents a liter from its record high last week, but diesel prices continued to rise.

The Australian Institute of Petroleum (AIP) reports the national average price of petrol for the week ending Easter Sunday (April 5) was 240.1 cpl, compared to 253.4 cpl the previous week.

In the capital cities, the average petrol price fell by 14.9 cpl, from a record 252.9 cpl to 238.3 cpl.

The decline follows the federal government’s cut in fuel excise tax, which came into effect on April 1, reducing the tax by 26.3cpl. A further reduction of 5.7 cpl was announced by states and territories on April 2nd.

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However, diesel prices have continued to rise. The national average increased from 310.0 cpl to 312.7 cpl during the same period.

In metropolitan areas, diesel prices increased by 1.6 cpl to 310.3 cpl, while regional areas saw a larger increase of 3.5 cpl, increasing the national regional average to 314.6 cpl.

The federal government has also suspended the heavy vehicle road toll – previously 32.4 cpl – for vehicles with a maximum permissible mass (GVM) over 4.5 tonnes until June 30, 2026.

Fuel availability has improved, with the number of filling stations without petrol or diesel falling from more than 800 to fewer than 600 in the past week The Guardian.