Government slashes fuel excise, heavy vehicles charge for 3 months at cost of $2.55 billion
- Written by Michelle Grattan, Professorial Fellow, University of Canberra
The Albanese government will halve the excise on petrol and diesel and reduce the heavy vehicle road user charge to zero, both for three months, at a budget cost of $2.55 billion.
Halving the fuel excise will cut the cost of fuel for motorists by 26.3 cents a litre. That will reduce the cost of a 65 litre tank of fuel by nearly $19.
The heavy...
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