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FED:Fuel prices destined to jump despite record supplies

Australian motorists are in for higher prices at the bowser when temporary tax relief measures wrap up at the end of the month.

A fuel excise cut and GST rebate designed to ease surging costs for motorists amid the conflict in Iran are both set to expire on June 30.

Plans to repeal the 32 cent per litre tax break haven't changed, Energy Minister Chris Bowen told media on Saturday but added that the government would continue to assess the latest information.

"We've been very clear this was a temporary reduction in the excise; it was always intended to be temporary," he said.

"Our intention has been for it to come off at the end of the month and that remains the plan."

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