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Australia slashes fuel tax amid supply concerns
After weeks of pressure over surging petrol prices, the federal government has cut the tax on fuel in half. Image for representational purpose Credit: LaraBelova/Getty Images
Facing mounting pressure over rising petrol prices, the federal government has announced a temporary three-month cut to fuel excise, reducing costs by 26.3 cents per litre. While the government describes the move as necessary, critics warn it could increase inflation and add to national debt.
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