Diesel prices in Australia have climbed past $3 per liter amid fuel security concerns. The average price of diesel passed $3 per liter in every capital city except Darwin on Wednesday. 04.
The federal government is preparing for scenarios where global oil prices spike above $120 per barrel. Fuel prices have started falling across Australia immediately after the government's fuel excise cut. Unleaded prices fell 16 cents per liter on average across the country on Wednesday.
9 cents per liter. Fuel shortages in New South Wales eased after the excise cut, with 30 stations out of fuel on Wednesday down from 61 on Tuesday. Australia's bus fleet remains heavily diesel-dependent.
Only 1% of buses in Australia are electric, compared to 80% in China, 25% in the Netherlands, and 12% in the UK. Buses in Australia consume about 530 million liters of diesel per year. In Australia, nearly 42,800 diesel buses were registered in 2025, compared to 629 battery electric buses.
State-level electric bus adoption varies. Canberra and greater Sydney have targets to transition their bus fleets to fully electric by 2040. Electric buses already make up about 24% of the ACT's fleet.
South Australia will have 81 electric buses this year, about 8% of its fleet. Western Australia has rolled out its 100th electric bus. All new buses purchased in Victoria are electric.