Petrol and diesel prices fall across Australia as Labor’s fuel excise cut takes effect

Adelaide has the biggest price decline, with unleaded down 24.9 cents and diesel down 21.3 cents

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Fuel prices have started falling immediately across Australia in the wake of the government’s fuel excise cut, unexpectedly accelerating the delivery of the Albanese government’s cost-of-living relief.

Prices in capital cities paused then plummeted on Wednesday, after the prime minister announced the tax on petrol and diesel would be halved to 26.3 cents a litre.