Fuel is set to jump 25 cents this month and the European energy crisis could push diesel prices even higher, economist says

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Fuel prices are set to jump by 25.3 cents a litre towards the end of the month when the government's fuel excise cut comes to an end.

It comes as cost-of-living pressures continue to increase and fuel prices have been at their highest in real terms in 14 years.

The situation could get worse before it gets better as Europe is in the midst of an energy crisis prompted by the war in Ukraine.

There's a lot to unpack. Let's see how we got here.