Coalition petrol shield plan
The Coalition has announced a proposed Fuel Price Shield that would automatically halve fuel excise when the two-week average closing price of Brent crude rises above US$100 a barrel. Under the proposal, the tax reduction would be worth about 27 cents a litre, or around $15 for a typical tank of fuel. The policy would also temporarily reduce the heavy vehicle road user charge to zero, which the Coalition says would provide direct relief to truck and bus operators while reducing costs across the broader economy. Federal Member for Parkes Jamie Chaffey said sharp increases in global oil prices quickly […]






