Portrait of Empty Fuel Pumps at Petrol Stations in Australia's Wealthy Neighbour Amid US-Iran War Impact

A dog peers out of a car window next to signs on empty fuel dispensers at a Shell petrol station that has run out of fuel in Sydney, Australia, on Monday (30/3/2026). The Australian government will halve fuel taxes for three months to dampen the surge in energy costs triggered by global conflict. (REUTERS/Hollie Adams) Prime Minister Anthony Albanese stated that the policy is in response to cost-of-living pressures felt by the public due to the US-Israel war in Iran. (REUTERS/Hollie Adams) The fuel excise cut will lower fuel prices by 26.3 Australian cents per litre. (REUTERS/Hollie Adams) “We understand that the cost pressures on the public are very real because the impact of the war in another part of the world is felt here,” Albanese said at a press conference in Canberra. REUTERS/Hollie Adams In addition, the government will suspend road usage levies for heavy vehicles during the same period, as part of a policy package to curb logistics costs. (REUTERS/Hollie Adams) This step is estimated to burden the government budget by around A$2.55 billion, equivalent to Rp26 trillion. The policy is expected to provide temporary assistance to households and businesses amid global energy price volatility. (REUTERS/Hollie Adams)