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Extension on fuel excise relief kept in play by PM
Albanese said the government will assess the cut before July 1 as Australia reports 44 days of petrol and stronger diesel and jet fuel stocks.
- Prime Minister Anthony Albanese left the door open on Saturday for a potential extension of the fuel excise cut, reporting that Australia now holds more fuel supplies than before the Middle East conflict began.
- The federal government halved the fuel excise on April 1 to provide relief against global price shocks, a temporary measure costing taxpayers $2.55 billion and set to expire on June 30.
- Energy Minister Chris Bowen reported on Saturday that Australia possesses 44 days of petrol, 36 days of diesel, and 35 days of jet fuel, marking significant improvements since the conflict began.
- Shadow Treasurer Tim Wilson declined to confirm whether the Liberal Party would support extending the relief, while Albanese noted Australia remains at level two of its national fuel security plan.
- Albanese said the government will "make an assessment in the lead up to July 1," with incoming income tax cuts potentially providing alternative relief if the fuel excise measure lapses.
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PM says fuel supply now above pre-war levels, no word on extending excise cut
Australia's fuel supply is now greater than it was before the Iran war broke out in late February, the prime minister has said, while refusing to indicate whether the fuel excise cut will be extended.
·Australia
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Coverage Details
Total News Sources11
Leaning Left6Leaning Right3Center1Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
R 30%
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