WA Petrol Prices Skyrocket Past $2 a Litre as Fuel Excise Relief Ends

Western Australian drivers are in for a shock at the petrol pump as unleaded prices surge past $2 a litre on Wednesday, following the end of the Federal Government's fuel excise relief policy. The metro area's average price will rise to 210.1 cents per litre, a sharp increase from today's average of 195.7 cents.

This marks the first time Perth unleaded prices have climbed over the $2 mark since the Strait of Hormuz closure triggered an international fuel crisis. Motorists can expect vast price swings depending on where they fill up, with 7-Eleven stations averaging the state's highest unleaded price at 219.9 cents per litre.

The end of the fuel excise relief policy strips away a 16-cent discount, which is expected to flow through to service station pumps over the next week and a half. Diesel drivers will fare even worse, with diesel set to average 242.3 cents per litre tomorrow, up from 239.8 cents today.

The international oil market has also flared up in recent weeks due to Middle East turmoil, keeping the Strait of Hormuz shipping corridor largely shut. This adds to the pain for WA drivers, who are already paying more than 45 cents a litre more than they were just a month ago.