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FED:Temporary fuel tax cut likely to remain temporary

Australia's temporary fuel excise cut, which has brought down petrol prices, is likely to remain just that, federal Energy Minister Chris Bowen says.

The three-month cut to the fuel excise started in April in response to soaring prices caused by the US-Israeli-led war on Iran and will run out at the end of June.

Prime Minister Anthony Albanese has neither ruled out nor confirmed he will extend the measure, which has reduced the cost of petrol and diesel by 26.3 cents a litre.

"(Mr Albanese) has made clear that obviously we will continue to monitor the situation," Mr Bowen told reporters on Saturday.

"But the excise was a temporary measure and we envisage it being a temporary measure."

There was no money in the May 12 federal budget to extend the excise, but it did include $3.2 billion for a new government-controlled fuel reserve.

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