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What happens when fuel excise cuts end on June 30?
Key takeaways
- Australians are feeling the pain of higher fuel prices at the petrol pump.
- The federal government halved the fuel excise to buffer the impact of rising oil prices in the wake of the US-Israeli attack on Iran, and subsequent disruption to shipping through the Strait of Hormuz.
- But there is no clear end date for the conflict and no agreement on how shipping through the strait will be managed.
Why this matters: an international story with cross-border implications worth tracking.
Australians are feeling the pain of higher fuel prices at the petrol pump. (ABC News)
Link copied Share Share article. A fuel excise cut designed to temporarily ease the pressure of the oil crisis on Australians is set to expire on June 30.
The federal government halved the fuel excise to buffer the impact of rising oil prices in the wake of the US-Israeli attack on Iran, and subsequent disruption to shipping through the Strait of Hormuz.
Article preview — originally published by ABC Australia. Full story at the source.
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