The price of basic unleaded petrol in Australia is currently as much as $1.50 per litre. Understanding the price, and how it is made up, is actually simpler than many regulators would have you believe.
There’s a lot of speculation about the price of petrol, but the breakdown is broadly this (assuming the price is $1.50 per litre) for every one litre of petrol sold:
- 38.14 cents is Federal fuel excise – a fancy name for