Large Australian fuel companies Ampol and Viva Energy will work with the federal government to ensure consumers can promptly benefit from a fuel excise cut.
Motorists have been facing record-high unleaded petrol prices above $2.20 a litreLarge Australian fuel companies Ampol and Viva Energy have vowed to work with the federal government to ensure consumers can quickly benefit from the proposed cut to the 44¢ fuel excise in Tuesday night’s budget.
Petrol prices have been rising across the globe as Russia faces increased oil sanctions for the invasion of Ukraine.The government’s excise change, expected to be unveiled on Tuesday evening, comes as Australian motorists have been facing record-high unleaded petrol prices above $2.20 a litre after crude oil shot past the $US100-a-barrel mark for the first time since 2014.
“Excise is one component of retail fuel costs which is set by the federal government,” a company spokesman said. “Should a change to fuel excise be announced in the budget, Ampol will work with the federal government to ensure it benefits consumers as intended as soon as feasible.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Petrol prices set to drop with plans to reduce fuel excise in budgetThere could finally be some relief in sight at the petrol pump, with the Federal Government planning to reduce the fuel excise in Tuesday's budget. 9News
Read more »
Petrol prices set to drop with plans to reduce fuel excise in budgetThere could finally be some relief in sight at the petrol pump, with the Federal Government planning to reduce the fuel excise in Tuesday's budget. 9News
Read more »
Petrol prices set to drop with plans to reduce fuel excise in budgetWith the election just weeks away, the Treasurer is planning a multi-billion dollar cash splash in tomorrow night's budget. ElizaEdNews 9News READ MORE:
Read more »
Scott Morrison spruiks cost of living package as expectations of fuel excise cut growCoalition announces extension of apprenticeship wage subsidy ahead of Tuesday night’s budget which is expected to offer financial assistance to households
Read more »
PM vows budget will tackle rising cost of living 'immediately'The Federal Budget will set cost of living as a central election battleground as Prime Minister Scott Morrison confirms the government has a “balanced and responsible plan” on addressing growing household pressures.
Read more »
Chris Minns: PM must reveal if tax increase needed to pay for fuel excise cutThe New South Wales Opposition Leader says Prime Minister Scott Morrison needs to explain where future infrastructure funding will be sourced if the government cuts the fuel excise.
Read more »