Australian Prime Minister Anthony Albanese has announced a reduction in fuel taxes to help lower living costs, as global supply disruptions linked to the US-Israeli war against Iran continue to impact prices.
“The halving of the fuel excise will reduce the cost of fuel by 26.3 cents per litre ($0.18),” Albanese said. “We are making fuel cheaper today because we understand that Australians are under serious pressure.”
The tax cut will come into effect next Wednesday and remain in place for at least four months.
National Treasurer Jim Chalmers said the measure would lower the cost of filling a 65-litre tank by about 19 Australian dollars ($13).
“So it is a substantial cost-of-living relief. It is timely, it is temporary, and it is responsible,” Chalmers said.
#From Al Jazeera