Fuel retailers have been put on notice over petrol prices as the government prepares to reduce the fuel excise cut on July 1.

The fuel excise cut was due to stop at the end of the month but will continue to a lesser extent until August. Here's why.

The federal government is winding back its discount to the fuel excise over the next month as the 32 cents per litre fuel discount will drop to 16 cents.

Finance Minister Katy Gallagher has revealed an extension of the fuel excise is under “active consideration” despite a deal to end the war in Iran.

Prime Minister Anthony Albanese says the government will give Australians "appropriate notice" about the fuel excise rebate, as it continues to monitor the issue.

Petrol prices are edging higher after the fuel excise discount was halved, but why haven't they jumped by the full amount?

At present, the reductions in excise of 32 cent a litre on diesel and 27 cent for petrol are due to expire at the end of July ...