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  • 2 months ago
Federal treasurer Jim Chalmers told reporters in Brisbane that the government would be open to extending the temporary cut to the fuel excise, as world welcomes peace deal between US and Iran.

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00:00Look, we've made it really clear that the fuel excise relief won't go on forever, but that we will review
00:07it on a week-to-week basis to make sure that we're providing the support that we can responsibly provide.
00:14We've always said that that fuel excise relief will be temporary, it won't go on forever, but on a week
00:21-to-week basis we review it, and that's what we've been doing, and that's what we will continue to do
00:26until the end of the month.
00:27This is a really important part of our efforts to help take some of the edge off the costs and
00:33consequences of this war in the Middle East.
00:36Now if you think about fuel prices here in Brisbane, about $1.68 a litre for petrol at the moment,
00:43I think that's something like 90 cents cheaper than it was at the end of March,
00:48and cheaper even than before the war began at the end of February, and so we've made a meaningful difference
00:54to this cost of living challenge
00:56by providing this temporary relief at the petrol bowser.
01:01That relief won't go on forever, but we will continue to review it between now and the end of the
01:06month.
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