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ABC News
ABC News
Business
political reporter Jake Evans

End of fuel excise discount shouldn't cause immediate petrol price spike, Treasurer says

The end of a 22 cent cut to petrol taxes next week shouldn't trigger an immediate spike in prices at the bowser, federal Treasurer Jim Chalmers says.

The federal government has refused to extend a temporary halving of the fuel excise that was introduced by the former government earlier this year after Russia's invasion of Ukraine caused massive global spikes in the price of oil.

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