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• Victorians could receive up to $186 back on their vehicle registration
• It is a one-time discount included in the state’s financial plan.

Many drivers will receive a one-time 20 percent discount on vehicle registration as part of a budget measure aimed at reducing living expenses amid rising fuel costs.

The conflict in the Middle East is causing uncertainty in global oil markets, leading to higher fuel prices and putting pressure on households. In response, the Victorian government is considering car registration fees as a way to return money to drivers ahead of the November election.

Drivers could receive up to $186 back on their vehicle registration — or $372 for two vehicles — through a one-time refund that will be announced in the next state budget.

Victorians spend $930.70 annually on registration, with the discount applicable to light vehicles weighing less than 4.5 tonnes, such as cars and utility vehicles.

Drivers are eligible for refunds on up to two vehicles registered under their name, irrespective of the total number of cars in the household.

The living expenses bonus is expected to result in approximately $750 million in lost revenue, and comes after previous actions offering free and discounted public transportation.

“I’m committed to utilizing government resources to support Victorians facing challenges,” Premier Jacinta Allan stated.

This won’t resolve every issue, but it’s an immediate step I can implement to create an impact.

We can manage it because it’s a one-time cost-of-living assistance at this moment, while we are generating a surplus.

Australia’s fuel supplies will be replenished on Sunday following the federal government acquiring an extra 100 million liters of diesel.

Two additional diesel shipments are en route after an agreement was reached between Export Finance Australia and fuel providers Ampol and BP, with half of the supply destined for regional areas in Queensland, such as Townsville, Gladstone, and Mackay.

Australia has strengthened its fuel supplies due to the ongoing conflict in the Middle East, holding 10 additional days of stock compared to the beginning of the war.

Prime Minister Anthony Albanese convened a national cabinet meeting on Thursday, marking his third such gathering since the conflict in Iran led to the closure of the Strait of Hormuz, causing a sharp rise in global oil prices.

Australia currently holds enough gasoline to last 46 days, which is 10 days more than it had when the strikes by the US and Israel began against Iran.

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