In a move that could bring much-needed relief to Australian motorists, Prime Minister Anthony Albanese has hinted at a potential extension of the temporary cut to the fuel excise. The decision comes as the federal government's expenditure review committee weighs its options in response to the ongoing crisis in the Middle East, which has driven up global oil prices and led to a prolonged surge in fuel costs. The prime minister has also welcomed the announcement of a peace deal between the US and Iran, which could help to ease tensions in the region and reopen the crucial Strait of Hormuz, a key shipping route. If the fuel excise cut is extended, it would be a significant boost for motorists who have been struggling to cope with the increased cost of living.
Prime minister flags an announcement following deliberations of cabinet’s expenditure review committeeAnthony Albanese has signalled the federal government is open to extending the temporary cut to the fuel excise to help cushion motorists from a months-long tail to the Middle East conflict.The prime minister also welcomed the announcement of a peace deal between the US and Iran to end the war and reopen the strait of Hormuz. Continue reading...
