00:00Australian Prime Minister Anthony Albanese announced on Monday that the government will
00:05halve the tax on fuel and diesel for three months, aiming to ease rising costs caused
00:11by the U.S.-Israeli conflict with Iran.
00:14The halving of the fuel excise will reduce the cost of fuel by 26.3 cents per litre.
00:20Importantly, in addition, states and territories have agreed and are finalising a proposal
00:26to ensure they won't benefit from the elevated prices that are occurring because of the GST.
00:32The government will also pause the road user charge on heavy vehicles for the same three-month period.
00:38The fuel excise cut takes effect from Wednesday, April 1st, and will run until June 30th.
00:45The measures are expected to cost the government 2.55 billion Australian dollars, or about 7.8 billion ringgit.
00:56The fuel excise cut takes effect from Wednesday, April 1st, and will run until June 30th.
01:03The fuel excise cut from Wednesday, April 1st, and will run until June 30th.
01:04You
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