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Amanda Craft, Lecturer in Accounting and Personal Financial Planning, Western Sydney University

The Coalition plans to halve the fuel excise when global prices spike. How will Australians respond?

Tang Ming Tung/Getty

Few prices are as visible as fuel. Every day, we drive past figures advertised on signs outside fuel stations, and watch the dollars climb in real time as we fill the tank.

The federal Coalition’s new policy, called the Fuel Price Shield, would automatically halve the fuel excise – the tax levied by government on petrol and diesel – when the price of Brent crude averages more than US$100 ($A140) a barrel over a two-week period.

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