Fears over high petrol prices as excise tax cut end

The temporary halving of the fuel excise tax to alleviate the cost of living is about to expire on the 28th of September.

Credit: SBS

Key Points

• Implemented by the previous government, fuel excise tax cut the usual rate of excise of 44.2 cents per litre to 22.1 cents.
• The Federal Government says halving the tax has cost three billion dollars so far, and it's a burden the budget can no longer sustain.
• Consumers advised to use mobile phone apps that monitor and compare fuel prices to try to get the best deal.

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