Fuel Prices Fall as Australian Servos Fast-Track Excise Cuts
The three-month cut gives motorists a 26.3 cent-a-litre discount, while farmers say the halved diesel rebate will leave costs unchanged.
- 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.
12 Articles
12 Articles
Fuel prices fall as Australian servos fast-track excise cuts
Petrol prices in Australia’s biggest cities have begun falling as retailers move unexpectedly early to pass on the government’s 26¢ excise cut in part, or in full.
Fuel excise halved: Advice on how to update your fuel surcharge matrix
For those running heavy vehicles, Michael Wilczynski says the government’s new measures change three things in your fuel surcharge calculation. Image: Taras Vyshnya/stock.adobe.com This week, on Monday March 30, the Australian Government announced a three-month halving of fuel excise. Diesel excise drops from 52.6 cents per litre to 26.3 c/L. Alongside this, the heavy vehicle road user charge drops from 32.4 c/L to zero. But what exactly will th…
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