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Michelle Grattan, Professorial Fellow, University of Canberra

Peter Dutton promises $6 billion 12-month halving of petrol and diesel excise

Opposition leader Peter Dutton will promise in his Thursday budget reply that a Coalition government would immediately halve the fuel excise on petrol and diesel.

The cut, which would take the excise from 50.8 cents a litre to 25.4 cents, would be for a year, at a cost of A$6 billion.

The opposition says the measure would mean a household with one vehicle filling up once a week would save about $14 weekly, on average. This would amount to about $700 to $750 over the year, based on a 55 litre tank.

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