The Albanese government will halve the excise on petrol and diesel and reduce the heavy vehicle road user charge to zero, both for three months, at a budget cost of $2.55 billion.
Halving the fuel excise will cut the cost of fuel for motorists by 26.3 cents a litre. That will reduce the cost of a 65 litre tank of fuel by nearly $19.
The heavy vehicle charge is currently 32.4 cents a litre. The relief will help the trucking industry.
