Fuel excise

In March, when the Morrison government decided to halve it, the excise cost was 44.2 cents per litre. So, for the past six months, Australians have been paying ...

Small, quiet, and a student of the Julie Bishop School Of Staring. Former features and weekender writer for The Daily Advertiser. Friend to most mothers and all dogs. So, for the past six months, Australians have been paying 22.1 cents per litre. National videographer, filmmaker, and editor. It now sits at 6.1 per cent. But did it make much of a difference? The May 21 election. When it was halved, the excise was 44.2 cents per litre. So, the excise was halved from the full 44.2 cents per litre, to the 22.1 cents per litre. "And one example of a difficult decision that we've had to take has been to stick with our predecessor's timing for the end of the petrol excise relief. The government was under a lot of pressure to do what it could to ease the cost of living for Australians.

Average petrol prices across Perth will rise on Wednesday, just one day before cuts to the fuel excise end on Thursday — but FuelWatch insists it is not a ...

“We are upfront about why it is ending and while we’re not able to extend but we are providing cost of living relief … “We know that is a difficult decision and impact people who drive further, but our commitment … in an affordable and responsible way that is right for the budget and right for the economy.” is to manage the budget as responsibly as we can and to provide cost of living relief where we can, where there is an economic dividend in areas like childcare, cheaper tapes, cheaper medicines and getting wages moving again,” he said. “The market is a little bit splintered at the moment and so what you’re seeing is just what’s happened every other week for the last couple of months — and so it’s not connected to the increase due to the excise change,” he said. It comes as the six-month cut to fuel excise — a cost of living relief measure that was a key plank of the Morrison government’s pre-election Budget — expires at midnight on Wednesday.

Motorists should not see an immediate uptick in petrol prices with the fuel excise cut ending, Assistant Treasurer...

there should not be an automatic uptick," he said. The cut to the fuel excise was put in place by the former coalition government for six months to help Australians struggling with the cost of living and soaring prices at the bowser due to the war in Ukraine. "We're likely to see prices after the excise on an average basis ... "Despite falling global prices and the full fuel excise tax not yet reinstated, prices in Sydney are approaching $2 per litre, meaning motorists are paying much more for fuel than they should be in the lead up to the October long weekend, he said on Wednesday. "I have asked the chair of the ACCC to maximise their role in the petrol market to make sure servos and suppliers are not treating Australians as mugs," Dr Chalmers told reporters in Canberra. The competition watchdog will keep a close eye on service stations and petrol suppliers to ensure Australians are not treated as "mugs", Treasurer Jim Chalmers says.

ACCC warns outlets against passing on increased excise before running down supplies of half-taxed fuel.

International prices have since plunged about $US60 ($A94) a barrel but local motorists are yet to enjoy the full benefits of the drop. If they are being consistent, he said, it should take service stations just as long to pass on the increase. The deficit for the year just ended came in at $32bn, or 1.4% of Australia’s gross domestic product. “But we can’t afford to fund every bit of cost of living relief indefinitely that people would like us to – that’s just the reality of the situation.” Data provided by the Australian Institute of Petroleum showed the margin between wholesale and retail prices has recently blown out to about 40 cents. Service stations in regional areas took twice as long.

Cost of living pressures are set to climb even higher from today as the temporary discount on fuel excise comes to an end - with fuel prices set to jump as ...

The longer we wait to put fuel efficiency standards in place, the more Australians will be exposed to fuel price spikes and harmful pollution.” Meanwhile, someone who drives an electric vehicle can save around $1,600 a year compared to a petrol car, but at the moment most Australians don’t have the option to buy them. [saved $5.9 billion in fuel costs](https://australiainstitute.org.au/wp-content/uploads/2022/08/P1269-Fuel-Efficiency-Standards-WEB.pdf), and we would have avoided the need to import 4000 megalitres of fuel. What we really need is fuel efficiency standards. [started the conversation](https://minister.dcceew.gov.au/bowen/media-releases/accelerating-australias-electric-vehicle-potential) with its National Electric Vehicle Strategy, but we need it to move quickly and decisively to catch up with much of the rest of the world. It was short-sighted.

Canberrans are bracing for a 25 cent petrol price increase as the fuel excise ends on Thursday. At a petrol station in Fyshwick, motorists are lined up to ...

She previously interned and was an audio producer at The Guardian Australia. She has also worked at 2SER Radio and City Hub Sydney. Our new comment platform requires only one log-in to access articles and to join the discussion on The Canberra Times website. [how to register](https://www.canberratimes.com.au/story/7739877/canberra-times-launches-new-commenting-platform/) so you can enjoy civil, friendly and engaging discussions. "It is what it is. What stops them from leaving it as it is," she said. Because if they go up, then that is going to increase the price further. "It's not going to affect me any more than groceries that are going up. We've made it a whole lot easier for you to have your say. Soofia joined the Canberra Times in 2022 as the cadet. "It's a worry for everyone. We had the benefit of it for a while and it was always anticipated the government had to go back otherwise how is it going to pay for other policies," Craig Jones said.

If you haven't yet filled up your fuel tank, brace yourselves for a long queue at the servo. Here's everything you need to know about what the fuel excise ...

There’s also GST to add on too. We can’t do everything we would like to do.” It just means prices won’t be as cheap as they were when the cut to the fuel excise was in effect. That means, you’re going to cop an extra $15 on a 60-litre tank (which is the same size as the fuel tank in a Toyota Camry) or another $20 on an 80-litre tank (which you find in a Ford Ranger or Toyota Hilux). The rate of the fuel tax is adjusted twice a year (in February and August) to factor in inflation. On Thursday, the cost of living will bite once again when fuel excise relief will be scrapped, resulting in petrol prices soaring by up to 25 cents a litre.