Treasury Laws Amendment (Fuel Excise Relief No. 2) Bill 2026; Third Reading

Summary

Australia is cutting fuel taxes again to help with petrol and diesel prices. From 1 July 2026, the excise duty and customs duty on fuel will drop by 30.4 per cent—about 16 cents per litre—for roughly one month until August when normal tax increases (from inflation) kick back in. This extends an earlier tax cut that was set to end on 30 June 2026, and it amends the Excise Tariff Act and Customs Tariff Act to make this happen. The government expects this to ease financial pressure on Australian households and businesses dealing with fuel price increases linked to the Middle East conflict, though it will cost about $400 million in lost tax revenue.

What happens at this stage

The final vote in this chamber on the bill as a whole, after all amendments have been considered. If it passes, the bill moves to the other chamber to go through the same process. If both chambers have already agreed to identical text, the bill proceeds directly to Royal Assent.

Next: The other chamber, which runs the same process from First Reading, or Royal Assent if both chambers have already agreed