Fuel tax cut to end despite rising Middle East tensions
- Jun 10
- 1 min read
Australians should prepare for the temporary fuel tax cut to end on June 30, despite ongoing tensions in the Middle East, according to the federal government.
The fuel excise was halved on April 1, reducing petrol and diesel prices by 26.3 cents per litre. The measure was introduced to ease cost-of-living pressures caused by global energy market disruptions and has cost the government around $2.9 billion.
Transport Minister Catherine King said motorists should currently expect the discount to finish as scheduled, although the government continues to monitor global developments.
Prime Minister Anthony Albanese said no final decision has been made on a possible extension, describing the international situation as unpredictable and subject to ongoing assessment.
The fuel tax relief was introduced after conflict in the Middle East disrupted global oil markets and raised concerns about supply through the Strait of Hormuz, a key route for international energy shipments.
The government says it has taken steps to strengthen Australia's fuel security, including supporting fuel imports and maintaining supply chains for critical industries such as agriculture and freight transport.
Mr Albanese said Australia currently has stronger fuel reserves than earlier in the year, helping ensure businesses, farmers and transport operators can continue operating despite global uncertainty.
While fuel prices remain under pressure from international events, the government has signalled that the temporary excise reduction is still expected to end at the close of June unless further action is announced.
Source : News.com
Stay tuned with Aus News Lanka – the leading platform for news for Australians.
Comments