Australians share verdict on fuel excise cut amid rising costs
- 2 hours ago
- 1 min read
A large majority of Australians support the government’s temporary cut to fuel tax, according to new research.
The federal government recently halved the fuel excise from 52.6 cents to 26.3 cents per litre for three months. The move came in response to rising global prices linked to the Iran conflict.
A Roy Morgan survey of more than 2,500 adults found 83% backed the decision.
How Australians are responding
37% say they are aware of fuel shortages in their area
Nearly half are driving less
20% have changed travel plans
9% have stocked up on extra fuel
Despite this, most people (76%) say higher prices or shortages have not affected essential travel like work, school, or medical visits.
Prices starting to fallFuel prices are gradually easing, as stations sell older stock first.Average petrol dropped from $2.46 to $2.23 per litre within days of the cut.Diesel prices, however, are still slow to decline and remain high.
Supply pressures remainEnergy Minister Chris Bowen said 238 service stations have run out of diesel, with the majority in NSW.This is partly due to farmers being prioritised during planting season.
Australia’s current fuel reserves stand at:
39 days of petrol
29 days of diesel
29 days of jet fuel
The government says it continues to monitor supply while the temporary tax cut remains in place.
Source : 9News
More updates to come on AusNewsLanka.
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