Australian fuel prices have surged to around $2.50 per litre (excluding fuel tax excise discount) from pre-war averages of $1.60-$1.80, with industry experts warning the elevated costs could persist for months even after the Iran conflict ends. Viva Energy CEO Scott Wyatt indicates the recovery will have a long tail, while state governments are increasing enforcement against price gouging, with NSW issuing 93 fines and WA implementing mandatory daily price reporting for petrol stations.

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