The Prime Minister has left the door open to extending the $2.9bn fuel excise cut, as uncertainty in the Middle East continues to threaten global energy supplies.
Fuel Tax Reduction Extended Until July 31, Reduction Rates Remain Unchanged. The government is extending the temporary fuel tax reduction measures, which were scheduled to end at the end of this month, for two months until the end of this coming July. The current fuel tax reduction rates, at 15% for gasoline and 25% for diesel, will be maintained. On the 21st, the Ministry of Finance and Economy [announced] the Ministerial Task Force for Special…