Fuel prices to fall another 5.7 cents a litre after states and Canberra strike GST deal
Albanese brings forward Singapore trip and speaks with China in bid to shore up petrol shipments to Australia
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Australian Prime Minister Anthony Albanese announced a deal with state governments to reduce fuel prices by an additional 5.7 cents per litre for three months. This reduction is achieved by returning GST revenue on fuel sales. When combined with the previously announced halving of the fuel excise, the total reduction will reach 32 cents per litre. The government stated that this combined effort, including the 26.3 cent reduction in fuel tax, aims to decrease the cost of filling a 65-litre vehicle by approximately $23. The initiative is a response to rising fuel costs affecting Australian consumers.
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AI-ExtractedA deal with the states to return GST revenue on fuel sales will knock another 5.7 cents off the price of petrol for three months.
The 26.3 cent reduction in the fuel tax and the GST deal would cut the cost of filling a 65-litre vehicle by nearly $23.
GST revenue on fuel sales to be used to reduce fuel costs by a combined 32 cents a litre.
Fuel prices to fall another 5.7 cents a litre after states and Canberra strike GST deal.
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