Fuel excise paid by Australian motorists will be halved for six months, part of a pre-election cash splash designed to help fight the rising cost of living and rebuild the Morrison government’s damaged political stocks.
From Wednesday morning, fuel excise will be cut to 22¢ a litre for petrol and diesel, down from 44¢ a litre, in the most significant change to excise since John Howard’s indexation pause in 2001.
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Tom McIlroy is the Financial Review’s Canberra bureau chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
