Relief for struggling motorists as the government slashes fuel tax

Australian Prime Minister Anthony Albanese, Australian Treasurer Jim Chalmers and Australian Energy Minister Chris Bowen speak to the media during a press conference at Parliament House in Canberra, Monday, 30 March, 2026. Source: AAP / LUKAS COCH/AAPIMAGE

After weeks of pressure over surging petrol prices, the federal government has cut the tax on fuel in half. It's a three-month measure costing the budget billions, as the Prime Minister steps out a four-part plan to respond to the conflict.

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