Peter Dutton reveals modelling showing how much Aussies will save under fuel excise discount
Modelling from the Coalition has revealed how much you could save per week with the fuel excise halved. From Penrith to Geelong and everywhere in between, see how you fare.
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Australian workers driving to and from work could save up to $20 a week in petrol costs if the fuel excise is halved, new Coalition modelling has claimed.
The Coalition has promised to cut the excise in half and has done new modelling by calculating the average distance commuters travel to work and the fuel used for an average 10.6 year old car in a range of models.
The excise is currently 50.8 cents but if the Coalition is elected, it would be halved to 25.4 cents.
According to the internal analysis, a tradie in Geelong in Victoria sought to benefit the most, saving $20.32 if they commute five days a week to Melbourne CBD driving a Toyota HiLux ute.
In Western Sydney, a Penrith resident working full-time in Liverpool would save $9 a week if they drive a Hyundai ix35 compact SUV while those travelling to Mascot in the same car would save $12 a week.
On the other end of town, a Northern Beaches worker driving the same car from Narrabeen to Sydney five days a week, would save $6.35 a week.
If they make the trip in a Holden Commodore, they’ll save $8.35 a week.
In Queensland a worker from Ipswich driving a commodore and commuting five days to Logan would save $10.41 a week and $10.67 a week if travelling to Brisbane CBD.
The analysis looks solely at work commutes so the savings don’t include the money saved on commutes to pick up the kids from school or drive for leisure.
Coalition treasury spokesman Angus Taylor said their policy would give Australians “immediate relief at the bowser”.
“The Coalition’s halving of the fuel excise would save tradies up to $20 a week,” he said.
“This is real money back in their pockets, not a miserable 70 cents a day that Labor wants them to wait 15 months for,” he said.
“The Coalition understands that the cost of living pressures are urgent, and we have a plan to deliver relief now — not in 15 months.”
Both parties have been making key pitches to blue collar workers this week, with Anthony Albanese succumbing to Coalition and crossbench pressure and extending the instant asset write-off of $20,000 for another year and Peter Dutton spruiking his more generous policy which will allows tradies and small businesses to write-off $30,000 per year permanently.
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Originally published as Peter Dutton reveals modelling showing how much Aussies will save under fuel excise discount