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Australia's Fuel Crisis: Government's Tough Choices

Published 4 days, 9 hours ago
Description

Australias fuel crisis deepens, with prices soaring and supplies dwindling. Government officials warn of a prolonged impact, even if international conflicts cease. Treasurer Jim Chalmers faces budget challenges due to the crisis. National cabinet meets to discuss interventions, such as underwriting petrol companies to boost supply. Businesses and farmers struggle with increased costs, while vulnerable Aussies grapple with inflation and higher interest rates. Prime Minister Anthony Albanese outlines plans, including a potential fuel excise cut and a windfall tax on gas profits. The government faces criticism and budget delays, with updates on the under-sixteen social media ban also expected.

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