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Show Notes
The Australian Prime Minister has announced a three-month fuel excise cut that will reduce petrol prices by 26.3 cents per litre, costing the federal budget $2.6 billion. The measure, running from 1 April to 30 June, is expected to save motorists approximately $19 per 65-litre tank, though economists warn it may contribute to inflation and influence Reserve Bank interest rate decisions. Questions remain about whether retailers will pass the full savings on to consumers at the pump, with the ACCC tasked with monitoring compliance.
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