Australia Slashes Fuel Excise Tax by Half for Three Months Amid Global Price Hikes
Summary
Australia is reducing the fuel excise tax by half for three months to ease the burden of rising fuel prices amid global conflicts, with some states making public transport free.
Key Points
- Australia will halve the excise tax on fuel for three months to provide relief amid global fuel price hikes.
- The tax reduction amounts to 26.3 cents per liter and will last until the end of June.
- Prime Minister Anthony Albanese announced the measure to ease consumer costs at petrol pumps.
- Victoria and Tasmania have made public transport free temporarily to reduce private vehicle use.
