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Government halves fuel excise to cut price on petrol and diesel (www.abc.net.au)

submitted 18 hours ago by trk@aussie.zone to c/australia@aussie.zone

37 comments fedilink hide all child comments

**In short: **

The government has halved the fuel excise, reducing the cost of petrol and diesel by 26.3 cents a litre for three months.

The heavy road user charge will also be reduced to zero for the same period, taking pressure off truck drivers and transport costs.

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[–] Tenderizer@aussie.zone 1 points 13 hours ago (1 children)

That's what the market prices are for. The taxes are for raising revenue and encouraging long-term behavioral change.

[–] porcoesphino@mander.xyz 1 points 10 hours ago* (last edited 10 hours ago)

Sure but a sudden change in the taxes on one item are obviously going to lead to a higher demand than otherwise. Much like an economic stimulus package. Plenty of those people need support and can't afford to pay more so doing something isn't terrible, but if the issue is supply, which it seems to be, then you're just going to risk running out / need to restrict usage

Actually, is there a reason they wouldn't be worried about supply that I could be ignorant of? Last I heard a few tankers had turned away, people were preparing for a prolonged war and there were issues with rural deliveries