Fuel Prices Plunge 32 Cents Per Litre After Fuel Tax, GST Deals
Australian prime minister announces GST revenue on fuel sales will be used to reduce fuel costs, cutting prices by a total of 32 cents per litre over the next 3 months.
Australia is set to experience a significant drop in fuel prices in the coming months, thanks to a deal struck between the federal government and the states. Prime Minister Anthony Albanese has announced that the GST revenue on fuel sales will be used to further reduce the cost of petrol and diesel, building on the recent halving of the fuel excise.
Under the new arrangement, fuel prices are expected to fall by an additional 5.7 cents per litre for the next three months, bringing the total reduction to 32 cents per litre. This combined effort, which includes the previous 26.3 cent reduction in the fuel tax, will result in significant savings for Australian drivers.
Source: The Guardian
