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Government announces fuel tax compromise before price jump
Published 10 hours ago
Description
The federal government has announced a one-month extension of fuel excise relief, reducing the current 32 cents per litre saving to 16 cents instead of letting it lapse completely. The compromise means motorists will face a 16 cent per litre price increase from July 1st, though the government calculates drivers will still save an average $11 per tank. The heavy vehicle road user charge will also be reduced by 16 cents for the same period, with state governments required to forgo GST revenue.
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