Petrol prices rise again as Albanese government warns Iran war ceasefire won’t make fuel cheaper

Chris Bowen says Australians should ‘not get ahead of ourselves’ by expecting prices to fall Track current petrol and diesel prices across Australia Petrol prices are rising again and diesel wholesale prices have hit new record highs as the government warns the US ceasefire with Iran will not make fuel cheaper. The average unleaded prices at service stations rose in some cities on Wednesday for the first time since late March, as fuel tankers hiked their charges. Oil prices fell as traders bet the reopening of the strait of Hormuz would help fuel supply resume but the energy minister, Chris Bowen, told reporters Australians should “not get ahead of ourselves”. “People shouldn’t take today’s progress and expect prices to fall,” Bowen said. “We welcome progress, but I don’t think we can say the [strait of Hormuz is] now open.” Bowen said the governments’ temporary 32-cent a litre cut to fuel tax would stay in place until July even if petrol prices fall before then, leaving the door open to extending it further. “We will assess the situation closer to the end of that three months … we hope things improve by then,” he said. “Fuel prices will come down wh