Australia Cuts Fuel Tax to Shield Drivers From Iran Impact
The government is considering various measures including reductions in road taxes.
Photographer: Ye Myo Khant/SOPA Images/LightRocket/Getty Images
Australia will temporarily halve its tax on fuel to shield consumers from the impact of global prices, which have surged as a deepening conflict in the Persian Gulf upends supply.
The levy on gasoline and diesel will be cut by about 26 Australian cents ($0.18) per liter from Wednesday, Prime Minister Anthony Albanese said at a press conference in Canberra. That will reduce the cost of filling a 65-liter (17-gallon) tank by nearly A$19, according to the government.