Petrol prices on track to top $2 a litre as Bowen sounds death knell for fuel excise relief

Petrol prices are set to exceed $2 a litre as the government's 16-cent discount ends, with diesel expected to surpass $2.40 a litre. The fuel excise reduction, initially 32 cents per litre in March, was halved to 16 cents in July before its scheduled expiration.