National Cabinet Halves Fuel Excise After Mounting Pressure to Address Petrol Prices

Australia Halves Fuel Excise Tax for 3 Months Amid Petrol Price Surge

Motorists are set for relief at the bowser after the federal government agreed to halve the fuel excise tax for three months as global prices surge amid the Middle East conflict. Prime Minister Anthony Albanese said after National Cabinet on March 30 that the temporary measure would cut 26.3 cents a litre from prices at the pump. “We’re acting now to be over prepared, to prepare and to shield Australians from the worst of the impacts,” he told r…

National Cabinet halves fuel excise after mounting pressure to address petrol prices

Against the backdrop of attacks and escalating threats of ground operations in the Middle East, the volatile price of oil has again risen. And so too, the financial pressure being felt around Australia. In response, the government has moved to ease the pressure by cutting the tax on fuel in half. It's a three month measure, costing the budget billions of dollars.

Australia fuel crisis LIVE updates: PM announces fuel excise to be halved for three months as petrol prices soar across nation; question time begins

Follow our live coverage following a national cabinet meeting to discuss the fuel crisis.

Australian National Review - Australia Halves Fuel Excise Tax for 3 Months Amid Petrol Price Surge

Australian Treasurer Jim Chalmers (L) speaks to the media during a press conference as Prime Minister Anthony Albanese looks on at Parliament House in Canberra, Australia, on Feb. 28, 2023. AAP Image/Lukas Coch Motorists are set for relief at the bowser after the federal government agreed to halve the fuel excise tax for three months as global prices surge amid the Middle East conflict. Prime Minister Anthony Albanese said after National Cabine…

Federal Labor bends to pressure and slashes fuel excise tax for petrol and diesel cars

Federal Labor slashes fuel excise in half for petrol and diesel cars, and will cut the road-user charge affecting heavy vehicles. The post Federal Labor bends to pressure and slashes fuel excise tax for petrol and diesel cars appeared first on Renew Economy.