Australia Cuts Fuel Tax as Middle East Crisis Drives Up Domestic Prices
"We're halving the fuel tax for three months to save you money when you fill up," Prime Minister Anthony Albanese said in a post on the US social media platform X.
He added that the conflict in the Middle East "is pushing up prices at home. And we know Australians are feeling the pressure."
"So we're making every litre of petrol and diesel cheaper through to June 30. We're also cracking down on petrol price gouging with huge fines," Albanese said, cautioning about "uncertain" developments around the world.
As the US-Israel conflict with Iran entered its second month, Australia was among the first nations to release oil from its strategic reserves. It also ordered emergency fuel supplies from the US for the first time in decades.
Amid rising domestic prices, the Australian states of Victoria and Tasmania announced free public transport services on Sunday to help ease the financial burden on residents.
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