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Australia to Halve Fuel Tax in Response to Middle East War
- On Monday, Prime Minister Anthony Albanese announced the Federal Government will halve fuel excise and eliminate heavy vehicle road user charges for three months, lowering petrol and diesel costs amid supply pressures.
- Rising global fuel price volatility linked to international conflict prompted the intervention, following demands from the Coalition last Friday to address significant financial strain on the transport sector.
- Starting April 1, the $2.55 billion package reduces fuel prices by 26.3 cents per litre, with Treasurer Jim Chalmers noting a $19 saving for a standard 65-litre tank.
- State and territory leaders agreed to a four-stage National Fuel Security Plan to manage supply, with Australia currently at level two, 'keeping Australia moving,' to coordinate regional fuel distribution.
- Treasurer Jim Chalmers expects the relief to reduce headline inflation by half a percentage point throughout the year, helping households manage cost-of-living pressures amid global economic instability.
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Australian Prime Minister Anthony Albanese announced that the government would cut fuel taxes by half to help people facing soaring fuel prices due to the war in the Middle East.
Relief for struggling motorists as government slashes fuel tax
After weeks of pressure over surging petrol prices, the federal government has cut the tax on fuel in half. It's a three-month measure costing the budget billions, as the Prime Minister steps out a four-part plan to respond to the conflict.
·Sydney, Australia
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Coverage Details
Total News Sources77
Leaning Left13Leaning Right17Center14Last UpdatedBias Distribution39% Right
Bias Distribution
- 39% of the sources lean Right
39% Right
L 29%
C 32%
R 39%
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