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Australia Halves Fuel Tax, Boosts Fuel Security

Published 1 week ago
Description

Australian government cuts fuel tax and road-user charge to ease sky-high prices, implementing a national fuel security plan with four response levels. The move comes amid economic fallout from the Middle East war, with the Treasurer noting a budget cost of $2.55 billion over three months. The consumer watchdog is prepared to ensure price drops for drivers, while emergency laws handle risks on extra fuel imports.

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