The fuel excise will be cut in half by Wednesday morning but your local petrol station is not likely to pass on the cut for a while. Here's what we know about the cuts to fuel prices.
As Australia's fuel price pushes past $2 a litre, any tax cut sounds like good news. But drivers have a lot of questions about the federal government's fuel excise cut before they next head to the petrol station.Let's start with the basics — it's just theBut it does have a purpose,On the ABC's 7.30 tonight, Treasurer Josh Frydenberg said there would still be funds for roads.
"The cut in the fuel excise is not coming at the cost of investments in roads, we're still committingby the year, to new road funding, which is very important, and which is where normal fuel excise revenues go," he said.But, from then, the government will halved that excise toSpace to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume.
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