With many Aussie motorists paying more than $2 a litre for petrol, Opposition Leader Peter Dutton has indicated the Coalition would back a cut to the fuel excise.

The government has come under increasing pressure to consider a cut to the fuel excise, but has ruled out temporary relief thus far.

“We’ll contemplate what measures are necessary in our economy, consistent with our really strict approach to fiscal discipline, but it’s not something that we’re doing,” Treasurer Jim Chalmers told reporters on Wednesday.

Last September, the Albanese government allowed a 22c cut to the petrol excise to expire, arguing a further extension would cost the federal budget as much as $3 billion in just six months.

A temporary six-month reduction in the excise was announced in the 2022 March budget by the former Morrison government, as part of a pre-election cost of living package.

 

Extracted in full from:  https://www.news.com.au/finance/money/costs/dutton-signals-coalition-support-for-temporary-fuel-excise-cut-as-cost-of-living-soars/news-story/f1fc85182ac5d7e40268d978fba41b39

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