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Fuel excise update: The federal government has halved the fuel excise for 3 months.

Fuel excise update: The federal government has halved the fuel excise for 3 months. Prices are expected to fall by approximately 20–25¢/L as this flows through to the pump — likely within the next 1–3 weeks.

Market Update

Wednesday 12 November 2025

Unleaded 91 · Brent crude, AUD/USD, and city-by-city 4-week outlook

Tuesday 11 November 2025 Thursday 13 November 2025

Market signals

Brent Crude

US$62.71

per barrel

vs week prior:-1.3%

Singapore MOGAS tracks Brent with ~1 week lag

AUD/USD

0.6530

exchange rate

vs week prior:+0.7%

A lower AUD raises the cost of imported fuel

Import Parity

131.1

cents per litre

vs week prior:-1.0%

Estimated wholesale cost before excise and GST

Current market update →How petrol prices are set →How our forecasts work →