00:00Today we're announcing the Commonwealth Government will halve the fuel excise on petrol and diesel
00:04for three months.
00:06The halving of the fuel excise will reduce the cost of fuel by 26.3 cents per litre.
00:12Importantly, in addition, States and Territories have agreed and are finalising a proposal
00:17to ensure they won't benefit from the elevated prices that are occurring because of the DST.
00:23This is a reason for why we did this through the National Cabinet process rather than just
00:32going out there and making announcements without that necessarily being thought through appropriately.
00:39So we're working through the mechanisms with States and Territories and we'll have more
00:44to say about that in a short period of time.
00:48We're making fuel cheaper today because we understand that Australians are under serious
00:54pressure.
00:55However, we really also want to encourage Australians who can to take public transport to help save
01:01fuel for the areas and industries that need it and I know a couple of the jurisdictions
01:06have taken action to reduce public transport fares as well.
01:11The less fuel we use in the cities, obviously the more we can direct to regional areas that
01:18are under pressure.
01:20Thirdly, our government will reduce the heavy vehicle road user charge to zero for three
01:26months to help truckies continue their vital work for our nation.
01:31We understand in particular that the heavy vehicle industry is under real pressure.
01:36For many trucking companies that are small, they rely upon a cash flow which is under pressure
01:44because they pay for their fuel and then they get paid down the track in 30, 60 or 90 days
01:51depending upon the contractual arrangements that they have.
01:54This is about taking pressure off them and in addition to that we've deferred the next scheduled
02:03increase in the heavy vehicle road user charge by six months.
02:07And I also raise with states and territories because heavy vehicle registrations are linked
02:13to the road user charge and we have requested the state governments to give consideration to
02:21also taking action consistent with the action that the Commonwealth has had.
02:27That's right.
02:27And in particular, we will be a little bit down for you to do something that we can expect
02:32to do so.
02:32We will be able to share in the technical assistance.
02:32And I will be able to share and about.
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