Posts tagged "why are petrol prices high"

Pitcher Partners' Craig Whatman and Peter Quattrocchi explain why the change in fuel tax credits will make the the next 12 months extremely tough for the freight and transport industries.

At a cost of about $3 billion, cutting 22 cents in tax from every litre of petrol for six months will disproportionately help wealthy households.

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.