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Australia news live: Chalmers asks regulator to watch service stations ‘like a hawk’ as fuel excise cut ends

Fuel excise cut, which was imposed after outbreak of Iran conflict, ended at midnight on Monday. Follow today’s news live

Chalmers puts service stations on notice … again

Now that the fuel exercise cut has ended, the treasurer has told the consumer watchdog to closely monitor service stations to make sure they’re not price gouging.

The regulator will step up its monitoring of fuel price movements. Any price increase that can’t be explained will face serious scrutiny from the ACCC.

We’ve jacked up the penalties for petrol stations that rip off Australians. They face multimillion-dollar fines if they break the law.

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Aug 2, 2026 Australia news Petrol prices Iran

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