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Showing 1 - 8 of 8 results for "Fuel excise"

Inflation rises to 6.8%

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
... of Australia's (RBA) target. Higher fuel prices have been attributed to the rise following the halving of the fuel excise tax in April 2022, originally unwound in October of the same year. "CPI inflation is often impacted by items with volatile price ...

Consumer confidence jitters abate

ANDREW MCKEAN  |  WEDNESDAY, 28 SEP 2022
... executive Michele Levine noted that we're due to see petrol prices increase by over 25 cents per litre this week when the fuel excise is returned in full. The plunge in inflation expectations might be short lived, she said.

CPI rises, IMF lowers global outlook

ANDREW MCKEAN  |  WEDNESDAY, 27 JUL 2022
... last quarter, coupled with ongoing easing of COVID-19 restrictions strengthening global demand." "While a cut in the fuel excise of 22 cents per litre on 30 March 2022 resulted in fuel price falls in April, price rises were seen in May and June. "The ...

Federal Budget delivers nothing on climate

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 MAR 2022
... down last night, delivered a cash splash for the defence forces and cost of living support, including a cut to the fuel excise. The deficit for 2022-23 is expected to be $78 billion, 3.4% of GDP. Treasurer Josh Frydenberg announced the fuel excise will ...

Cash bonus and fuel excise cut

TOM WATSON  |  TUESDAY, 29 MAR 2022
... through on a promise to address the financial pain many motorists are currently feeling at the bowser by cutting the fuel excise in half. From midnight tonight the excise on both petrol and diesel prices will drop to 22.1 cents per litre for the next ...

Big spend on cost of living, defence

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... 2022 Federal Budget delivered a cash splash for the defence forces and cost of living support, including a cut to the fuel excise. The deficit for 2022-23 is expected to be $78 billion, 3.4% of GDP. Treasurer Josh Frydenberg announced the fuel excise ...

Excise tax, super top budget worries

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... agree that the budget is likely to include measures to combat petrol price increases. New Zealand recently cut its fuel excise, with pressure mounting on the government to do the same in Australia. However, cutting the excise is no silver bullet. "The ...

Key Budget measure won't help economy: Academic

JAMIE WILLIAMSON  |  FRIDAY, 25 MAR 2022
... election cycle and facilitating broader planning over 30 years or more," Karunaratne said. Meanwhile, slashing of the fuel excise and investment in mental health will also likely feature in the Budget as the government will looks to curry favour with ...
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