Albanese Halves Fuel Excise, Eases Pain at Pump
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Prime Minister Albanese Announces Fuel Excise Cut, National Fuel Security Plan
Prime Minister Anthony Albanese has introduced a new national fuel security plan, halving the fuel excise to reduce petrol and diesel prices by 26 cents per liter for the next three months. This move, along with scrapping the heavy vehicle road user charge, aims to ease the financial burden on Australians amid a global oil crisis caused by the Middle East war. The plan, agreed upon at the national cabinet meeting, consists of four stages to manage the situation, ranging from proactive planning to potential rationing. With diesel reaching $3.03 per liter and petrol topping $2.38, the government is urging citizens to buy only what they need and is exploring deals with neighboring countries for additional supply. While short-term supplies are stable, officials warn that the situation may worsen if the war continues, prompting measures to safeguard essential services and maintain economic stability.
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