Prime Minister Anthony Albanese has confirmed the government will halve the fuel excise for a three-month period.
It means the cost of petrol and diesel will be reduced by 26.3 cents per litre for three months.
“We’re making fuel cheaper today because we understand that Australians are under serious pressure,” he says.
Albanese has also confirmed Labor will reduce the heavy vehicle charge from 32.4 cents per litre to zero for three months, saying it’ll help truckers under real pressure due to the war in the Middle East.
Treasurer Jim Chalmers says halving the fuel excise and cutting the heavy vehicle road user charge will cost the budget about $2.55 billion.
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