What the halving of the fuel excise means for the price of your petrol
Australians should save about 26c a litre at the pump after the federal government announces a cut to the fuel excise.
What the halving of the fuel excise means for the price of your petrol
Australians should save about 26c a litre at the pump after the federal government announces a cut to the fuel excise. Grouped from 7 articles across 2 sources.
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Clustered coverageABC Australia, The Guardian
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Labor cuts fuel excise for three months, saving Australians 26c a litre on petrol and diesel
Anthony Albanese shares four-point plan after national cabinet and urges public transport usage Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Anthony Albanese has slashed the fuel excise in half in a move which will save motorists 26 cents a litre, and encouraged people to take public transport, after the national cabinet agreed to a plan to manage the petrol crisis. Following a meeting of state and federal leaders on Monday, leaders also agreed to reduce the heavy vehicle road user charge to zero for three months, in a bid to support truck drivers. Continue reading...
Australians may not see cheaper fuel for weeks despite Labor’s excise cuts
Flow-on effect will depend on how quickly service stations sell more expensive fuel, experts warn, leaving Easter travel plans up in the air Get our breaking news email , free app or daily news podcast Australians expecting relief from punishing fuel prices in time for Easter travel are set to be disappointed, with the industry predicting the effects of Labor temporarily halving the excise will take days or weeks to reach some bowsers around the country. The halving of the fuel excise, which begins on Wednesday and lasts until the end of June, means the federal government will now collect 26.3c from every litre over the next three months instead of 52.6c a litre. Continue reading...
Government halves fuel excise to cut price on petrol and diesel
The government has halved the fuel excise on petrol and diesel for three months, reducing the cost of fuel by 26.3 cents per litre.
Economists warn fuel price cut likely to come with 'sting in the tail'
Drivers will pay about 26.3 cents less on every litre of fuel they buy for three months, but some economists warn it could ultimately leave Australians worse off.
Did Anthony Albanese just cement a third interest rate hike in May by cutting the fuel excise?
Injecting $1.5bn via petrol subsidies into an inflated economy may change things for the Reserve Bank board at its next meeting Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Economists will say that what millions of motorists gain in cheaper fuel through the prime minister’s three-month fuel excise cut, they will lose in more expensive mortgages. It may be good politics, but injecting $1.5bn via petrol subsidies into an economy that is already struggling with a resurgent inflationary problem is not going to make the Reserve Bank of Australia’s job any easier. Continue reading...
Farmers and fishers call for help with fuel prices, warn costs will be passed on
Farmers, fishers and business leaders are appealing to the federal and state governments to provide targeted relief to help them deal with massive fuel price increases caused by the Iran War, and the looming prospect of shortages.
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