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Australians face a huge 22 cents spike in petrol prices in September

EXCLUSIVE: Anthony Albanese is bringing back a hated tax for EVERY Aussie motorist – forcing you to fork out hundreds more every month just to drive your car

  • The former Coalition government slashed the 44-cents-a-litre duty in half 
  • Cut runs out on 28 September and new Labor government will not extend it
  • The six-month cut meant a massive net loss to the Budget of $2.7billion 

Australians will be hit with a 22-cents-a-litre increase to their petrol costs in September when the fuel tax returns to its normal rate.

The former Coalition government slashed the 44-cents-a-litre duty in half as a temporary measure in the March 29 Budget to tackle the increasing cost of living.

The cut runs out on September 28 and the new Labor government has declared it will be ‘very difficult’ to extend it further.

Australians will be hit with a 22-cents-a-litre increase to their petrol costs in September when the fuel tax returns to its normal rate. Pictured: A driver fills up in Sydney

The six-month cut meant a net loss to the Budget of $2.7billion and new Treasurer Jim Chalmers feels this is too high to repeat with the debt approaching $1trillion.

On Wednesday he told The Conversation the cut is ‘highly unlikely’ to be extended. 

‘We said that before the election. We were upfront about it… That’s still our position,’ he said.

Both the Coalition and Labor said they would not extend the cut during the election campaign. 

The former Coalition government slashed the 44-cents-a-litre duty in half as temporary measure in the March 29 Budget to tackle the increasing cost of living

The former Coalition government slashed the 44-cents-a-litre duty in half as temporary measure in the March 29 Budget to tackle the increasing cost of living

According to the NRMA weekly fuel report released on Monday afternoon, the highest Sydney prices for E10, Premium 95 and Premium 98 reached 206.4, 224.5 and 230.1 cents per litre respectively.

The 7-day average for E10 was 199.9 cents a litre.

But despite the high prices, sources close to Dr Chalmers told Daily Mail Australia: ‘Jim’s position has not changed.’ 

Dr Chalmers said there may be other cost of living relief measures in his October Budget but the fuel cut would likely end as planned.

‘If there’s more that we can responsibly do, we will, but people shouldn’t assume that the cost of living relief that was in the Budget earlier in the year will continue forever,’ he said last week.

The six-month cut meant a net loss to the Budget of $2.7billion and new Treasurer Jim Chalmers (left with Anthony Albanese) feels this is too high to repeat with the debt approaching $1trillion

The six-month cut meant a net loss to the Budget of $2.7billion and new Treasurer Jim Chalmers (left with Anthony Albanese) feels this is too high to repeat with the debt approaching $1trillion

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Read more at DailyMail.co.uk



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