The March 2022 pre-election budget holds a temporary reduction in fuel excise of 22 cpl. Around a $30 per week benefit for one government version of the average 2 car family.
One question is about whether it will be fully passed on and how the ACCC will enforce the full reduction?
It’s interesting to look back to previous posts.
Prices were as low as 100 cpl. There are some examples less than 90 cpl. Petrol prices have been volatile and on the rise for some time. Petrol is currently costing nearly twice as much as it did 6 months ago, or up 80-100 cpl more. The 22 cpl saving will not offset the increases.
P.S.
I’m having trouble with the maths getting to $30 weekly savings for 2 average vehicles or $15 for one. If anyone can help out. Assume 12,000 km annual use and 12.5l/100km. I can only save $7.20 including gst weekly per vehicle. Perhaps we are not all average families?
