On 28 June 2018, Transport Minister Phil Twyford announced an increase in petrol excise duty of 3.5 cents per litre to take effect from 31 September 2018, and further 3.5 cent increases in 2019 and 2020. Road user charges will increase by an equivalent amount from 1 October 2018 and in 2019 and 2020.

The increases will fund $5 billion of investment over the next decade as set out in the Government Policy Statement on land transport 2018 (GPS 2018). This investment will fund infrastructure for cities and regions to thrive and save lives.