Posts tagged "fuel prices"

Even as the full effects of 2022's rate rises are yet to be felt, it looks like we're heading towards even more in 2023.

The fuel excise was halved for the past six months, but that ended at midnight. So what can you expect local petrol prices to do now?

Treasurer Josh Frydenberg has confirmed this year’s federal budget will include “temporary targeted measures” to help Australian families combat rapidly rising costs of living.

New Zealand has just cut its fuel excise by 25 cents to ease cost-of-living pressures, and the Australian government is considering a budget measure along the same lines.

Australians are paying more for Ubers and postage as record-high petrol prices prompt big businesses to slug consumers with painful new fuel surcharges.

With the cost of living in Australia soaring, economists say the government has few levers left to ease the blow of a crisis largely beyond its control.

Cutting the fuel excise would offer some relief at the bowser, and to the economy. But would it serve Australia’s economic and national interests in the longer term?

Larger than expected increases in construction and fuel prices are responsible for a surge in the Consumer Price Index (CPI).

Keeping warm this northern hemisphere winter is going to be expensive and anything made using energy — be it manufacturing or construction — is likely to get more expensive.

As it emerges from the COVID-19 pandemic, the world is entering a new energy crisis the like of which hasn’t been seen since the 1970s.

Treasurer Josh Frydenberg has committed to taking action if businesses are found to be ripping off customers after a recent spike in petrol prices sparked consumer outrage.

There is fear that independent fuel retailers will suffer the most if consumers boycott in protest over petrol prices.