Episode Details
Back to Episodes
Fuel excise cut delayed up to two weeks
Published 3 weeks, 2 days ago
Description
The federal government's 26 cent-a-litre fuel excise cut begins tomorrow but may take one to two weeks to reach motorists at the bowser as service stations sell through existing stock. Distribution issues persist with 462 service stations without diesel and 188 without any fuel, primarily affecting New South Wales, Queensland and Victoria. Reserve Bank minutes from the March 17 meeting reveal uncertainty about future cash rate paths due to Middle East conflict, with economists warning the three-month fuel excise cut could temporarily reduce inflation but ultimately push mortgage repayments higher.
See omnystudio.com/listener for privacy information.