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Australian Treasurer Jim Chalmers has left the door open for a potential temporary reduction in the country’s fuel excise and the heavy road user charge for trucks. This move is part of the government’s strategy to tackle ongoing issues surrounding petrol and diesel availability.
The fuel excise is a fixed sales tax imposed by the Australian government on petrol and diesel purchased at the pump.
As it stands, the excise rate is set at 52.6 cents for each litre of fuel bought.
For those operating heavy vehicles such as buses, coaches, and trucks on public roadways, a Road User Charge is applied to every litre of diesel they purchase.
In a recent interview on the Today program, Chalmers was queried about the likelihood of a reduction in the fuel excise.
Host Karl Stefanovic asked, “Can you definitively rule out reductions to the fuel excise?”