The New Zealand government extends cuts in fuel excise tax, road user charges and public transport fares until the end of January, as families struggle with higher living costs.
New Zealand said on Sunday it is extending the duration of cuts in fuel excise tax, road user charges and public transport fares until the end of January, as families struggle with higher living costs amid strong inflationary pressures.NZ cut its fuel excise by 25 cents a litre in March, with the temporary measure due to end in AugustAustralia's fuel excise cut is due to end in September
Petrol prices in New Zealand, like elsewhere, have risen sharply since Russia's attack on Ukraine started in February, contributing to significant inflation."There's no easy fix for the cost of living, but we're taking a range of actions to ease the pressure on families," Finance Minister Grant Robertson said in a statement.
"We want Kiwis to have some certainty over the coming months in the face of volatile prices at the pump." The government in March cut the fuel excise tax by 25 cents a litre and road user charges "levied on diesel vehicle users" by as much for three months.
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