Motorists should plan for a temporary cut to the fuel excise to end in September, with a rise in petrol prices to add to growing cost-of-living pressures. auspol 7NEWS
should plan for a temporary cut to the fuel excise to end in September, with a rise in petrol prices to add to growing cost-of-living pressures.
“ should assume that the petrol price relief comes off in September,” he told a Guardian Australia podcast.“Obviously, we factor in the conditions as they evolve, and the budget and all of the rest of it. The previous government announced a six-month 22.1c a litre cut to fuel excise in the March budget to help take the sting out of high petrol prices driven by global oil constraints.In June, the national average price for unleaded petrol hit its second highest level in history, not far removed from the record price registered shortly before the federal budget.
“If we can get through this difficult period - however long it goes for, six or twelve months, or whatever it might be - I think our opportunities still outweigh our challenges after that, but we need to get through this period first,” he said.
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