National Cabinet meets to decide whether state and territory leaders will contribute their own revenue to reduce petrol prices for Australian drivers. Prime Minister Anthony Albanese has extended the current fuel excise cut at a smaller discount, delaying a return to full-priced petrol and diesel for another month. The 16-cent per litre excise cut saves motorists approximately $9-11 per tank, with wholesale prices falling steadily due to stable regional benchmark prices in Asia.

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