Drivers brace for fuel price shock as excise discount finishes

Fuel suppliers are expecting another round of panic buying as the 32-cent excise discount finishes at the end of the month.

Energy Minister Chris Bowen claimed the excise would only be extended due to unforeseen circumstances.

The government’s support program to boost imports has been successful, as extra petrol and diesel have been put into the supply chain.

Fuel company representatives claim the country is prepared for a spike in demand as fuel storage is full.