Australia's tax experts have warned against the government cutting the fuel excise, arguing it will do little to bring down the real-world price of petrol. 9News
Currently, Australia's fuel excise is priced at 44.2 cent per litre of fuel, with many speculating that the Morrison Government would cut or reduce the tax in next week's Federal Budget.
"Cutting fuel excise won't necessarily result in lower prices at the pump and reduces incentives to transition to net zero. "Direct relief payments would be far more efficient in assisting Australians with their hip pocket pain today and allows them to spend money on items that they need – not just petrol."Tax experts argue that cost of living is driving up the cost of far more than petrol prices.
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