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Diesel fuel prices

For the first time since the bullshit re-invocation of the Crimean War by Vlad Drat Putin, the price of diesel fuel has finally dropped back under A$2 a litre at some of the retail fuel outlets on my route(s) to/from work, so I was able to fuel up my 4wd which was almost empty with 120 L for just under A$240 (it takes 140 L total).

That'll keep me going for about 6 weeks of driving to/from work.

Diesel prices were up almost as high as A$2.50 a litre for a time last year (2022).

Remember here in Australia retail fuel is double-taxed - a fixed 44.2 cents per litre federal government 'excise' tax plus a 10 percent GST (1/11th of the retail price). So at $2 a litre, 44.2 cents (excise) + 18.2 cents (gst) = 62.4 cents per litre is tax revenue to the federal government.

For comparison, during Covid Lockdown 1.0 in from March to mid-2020 fuel prices collapsed to under A$1 a litre because everyone was locked down and/or forcibly kicked out of their jobs and there was a massive glut of pre-commited retail fuel stock basically unsellable because nobody was travelling and most businesses were 'suspended'.

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