Australia flags move on high fuel prices as it goes to polls in May

As global oil prices soar due to the boarder impact of war in Ukraine, petrol recently hit A$2.20 a litre in several Australian cities

Australian Treasurer Josh Frydenberg on Sunday indicated the federal government would likely act to lower petrol prices in the upcoming federal budget, weeks out from a general election.

The government has recently come under pressure to cut fuel excise as petrol prices hit an eight-year high, while Prime Minister Scott Morrison lags in the polls in the lead up to the election, due in May.

Asked by Nine Entertainment if the government would announce in Tuesday's budget a cut to the 44.2 cents a litre fuel excise, Frydenberg said he understood a key concern for Australians was petrol prices.

"What we will do