Fuel sites begin cutting prices by 10¢, full saving won’t be immediate | NickToscano1
Ryan Stuart
“We are committed to passing through the full 22.1¢-per-litre fuel excise reduction as we replenish fuel stocks in our service station network.”Once the excise has been fully implemented, motorists filling a 60-litre tank were expected to save around $13 a tank, Viva said. It comes as Australians have been facingthat have soared above $2.20 a litre since Russia’s invasion of Ukraine pushed up the cost of crude oil.
Service station operator BP said the excise cut would be taken to account in pricing decisions, but also cautioned the price changes “might not be reflected immediately” because some outlets would first need to sell down fuel stocks purchased at the higher excise rate.
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