why are fuel prices so high in australia Page 2

Fuel prices are high because global oil markets have been playing seesaw—think OPEC+ supply cuts and geopolitical jitters—and the bill is in US dollars while the Aussie dollar often shows up short. Add roughly 50c per litre in fuel excise plus 10% GST, and you’ve got a pricier brew than your local flat white. Refining and distribution costs, retail margins, and distance-to-serve whack on more, especially outside the big smoke. In the capitals, those infamous price cycles are just fierce retail competition in fancy dress—shop near the bottom and your wallet will thank you. And when holidays hit or wars flare, wholesale prices spike faster than a hot hatch at the lights. In short: it’s not one culprit, it’s the whole chaotic convoy.