If petrol stations increase their prices by the full 25¢ a litre before mid-October,they may have some explaining to do to the consumer watchdog.
The federal government will sign up to the cap when G7 nations led by the United States impose the controls later this year in the hope of keeping oil prices down without halting supplies.
As petrol prices sink well below the $2-a-litre highs seen at pumps in June,Treasurer Jim Chalmers readies to axe this cost-of-living measure.
Burned out,time poor and with empty pockets,these students are forced to budget creatively as the human face of Australia’s once-in-a-generation economic crisis.
Australian households in capital cities now spend an average of $412 a week on transport costs,including fuel,car loan repayments,tolls,insurance,and servicing,as well as public transport.
The federal government faces a test of its resolve to control the budget deficit.
The central bank is expected to lift the cash rate to 1.85 per cent amid signs the hikes are having an effect outside the housing market.
The excise gut introduced by then-treasurer Josh Frydenberg runs out on September 28,but Coalition MPs say they could support an extension.
With soaring fuel prices putting the squeeze on family budgets,use our interactive tools to see how the cost of your commute has changed – and how far you can go after putting $50 in the tank.
The result was slightly below market and economists’ expectations but means inflation still remains at its highest level in 20 years.
Find out how much more it’s costing you to commute to work as fuel prices rise.