Albanese Cuts Fuel Excise on Petrol, Diesel for Three Months

Prime Minister Anthony Albanese has announced that fuel excise will be cut in half for petrol and diesel beginning April 1.

This will be in effect for three months and will reduce cost of fuel by 26.3 cents a litre.

Fuel Excise Halved for Three Months

According to a report by ABC News, the announcement was made after a meeting of the national cabinet with state and territory leaders. During this meeting, a four-point action plan to deal with the fuel crisis was also discussed.

Albanese also went on to claim that Australia is on “level two” of the fuel crisis. The goal, according to the prime minister, is to “keep Australia moving.”

He likewise said that the country is still far from reaching the next level, which will require “taking targeted action.”

There is still a level four, which will entail “protecting critical services.”

Albanese has also called for citizens to only take the fuel they need as to not cause even bigger supply problems.

NSW Premier Reacts to National Fuel Plan

According to 9News, New South Wales Premier Chris Minns said that he welcomes the action plan. He likewise commented on how long he thinks the ongoing conflict in the Middle East will continue.

“We are not necessarily sure what will happen in the Middle East in the next three or six months,” Minns said. “We are not making a decision today to tell people to cancel their trips around the state or cancel Easter holidays.

“But as time goes on, we may tell people to use their common sense on this and reduce their usage,” he added.