With fuel prices staying high, the federal government has announced a halving of the fuel excise for three months. This will cost the federal budget A$2.55 billion, according to Treasurer Jim Chalmers.
This will cut the cost of fuel by 26.3 cents a litre. At the same time, the government said it will temporarily cut the 32.4-cent-a-litre heavy vehicle road user charge to zero.
Cutting fuel excise is politically deft. It is highly visible, easy to implement and provides quick relief to motorists.
