Australia halves fuel excise for three months and adds fuel supply measures
The Facts
- The Australian government will halve the fuel excise for three months, cutting petrol and diesel prices by about 26.3 cents a litre.
- The fuel measures were announced after a national cabinet meeting and include a national fuel security plan agreed with states and territories.
- The package includes a temporary reduction in the heavy vehicle road user charge to zero for three months.
- The government said the fuel excise cut will cost the budget about A$2.55 billion.
- The excise cut is expected to save about $19 on filling a 65-litre petrol tank.
- The measures are being introduced in response to rising fuel prices linked by the sources to the conflict in the Middle East and broader energy-market disruption.
Context
When do the fuel changes start and how long do they last?
The sources say the changes take effect on Wednesday, with the fuel excise cut lasting three months and the heavy vehicle road user charge reduction also running for three months Daily Mail,Conversation.
How much relief will motorists get?
The excise cut is expected to lower fuel prices by 26.3 cents a litre, which the sources say would save about $19 on a 65-litre tank Daily Mail,Al Jazeera Online,Conversation.
What else is in the government’s response?
Alongside the tax changes, the government has released a four-stage national fuel security plan and said it will reduce the heavy vehicle road user charge to help truck drivers and keep Australia moving Guardian,Daily Mail,ZEIT ONLINE.
The receipts — all 75 sources
Wire services (1)
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Independent coverage (50)
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Sky News AustraliaTreasurer warns of major inflation spike as Iran war causes ...
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The Business StandardAustralia to halve fuel tax in response to Middle East war
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