Australia's opposition coalition has announced a policy to reduce petrol prices by A$15 per tank when global oil prices exceed US$100 per barrel.

What it means

Australia's opposition Coalition has pledged to halve the fuel excise tax whenever global crude oil prices exceed $100 a barrel, a policy it calls a 'fuel price shield'. This would save drivers approximately $15 on a typical tank of petrol (about 27 cents per litre). The policy is funded by proposed cuts to the tobacco excise. It is a political promise ahead of an election, not yet enacted.

Accuracy & sourcesSourced

The claim is based on an ABC News Australia report quoting opposition spokesman Angus Taylor, making it a direct statement from the source. The policy details are confirmed by multiple news outlets covering the same announcement on September 20, 2026. The accuracy of the claim itself (that the Coalition made this vow) is solid, though the policy's cost and feasibility have been questioned by the government.

How new

This is a genuinely new policy announcement, made on September 20, 2026, as confirmed by the grounding date of the articles.

Go deeper