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AAP
AAP
Business
Marion Rae

Call to cap diesel rebate, sting oil firms

Hitting producers with higher fossil-fuel taxes and scrapping the diesel fuel rebate enjoyed by mining and agriculture could free up revenue for Australians stung by rising power prices.

That's the call from independent think-tank Climate Energy Finance as fossil-fuel producers benefit from surging oil, gas and coal profits.

"No other industry has caused such significant economic hardship for 21 million Australians, all the while banking unprecedented profits," energy analyst Tim Buckley said.

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