US Edition
Published • loading... • Updated
Australia Cuts Fuel Tax in Half as Middle East War Squeezes Supply
- On Wednesday, the Albanese government halved the fuel excise by 50 per cent for three months to ease cost-of-living pressures caused by the Middle East conflict.
- Retailers in major cities began passing on the 26 cent-a-litre cut early, with Adelaide cutting prices by 25 cents and Melbourne unleaded falling 16 cents by Wednesday morning.
- Treasurer Jim Chalmers warned on Tuesday that consumers should expect the full benefit to take one to two weeks to flow through as retailers manage existing stock.
- Raworth lucerne farmer Brahm Osbourn said the cut fails to assist agriculture and mining due to the diesel rebate system, while his monthly fuel costs increased by more than $6000.
- Nationals MP for the Upper Hunter Dave Layzell expressed concern that slashing the excise could undercut crucial road infrastructure funding for the Muswellbrook bypass in the Upper Hunter region.
Insights by Ground AI
Podcasts & Opinions
113 Articles
113 Articles
Australia to halve tax on fuel, underwrite spot cargoes
Australian Prime Minister Anthony Albanese said on Monday the government would halve the excise on fuel and diesel and remove the heavy road user charge for three months to help households cope with a surge in costs driven by the Iran war.
·United Kingdom
Read Full Article
Coverage Details
Total News Sources113
Leaning Left21Leaning Right19Center19Last UpdatedBias Distribution36% Left
Bias Distribution
- 36% of the sources lean Left
36% Left
L 36%
C 32%
R 32%
Factuality
To view factuality data please Upgrade to Premium
