Luke Gosling (Solomon, Australian Labor Party) Share this | Link to this | Hansard source

The Albanese Labor government is delivering lower fuel prices for Territorians. The Australian government will halve the fuel excise on petrol and diesel for three months, cutting the cost of fuel by about 26.3 cents per litre and reducing the cost of a 65 litre tank of fuel by about $19. We've also reduced the heavy vehicle road user charge to zero for three months to help truckies continue their vital work for our Northern Territory and for our nation. Also, the next scheduled increase in the heavy vehicle road user charge will be deferred for another six months.

The ACCC will continue to monitor fuel prices to ensure that the lower excise rate is fully passed on at the bowser. Australia's fuel supply outlook remains secure in the near term because of the actions that our government has taken. However, the longer this war goes on, the worse the impacts will be. So we are acting now to prepare and shield Australians from the worst effects of this conflict. It may be on the other side of the world, but it is going to impact Australia. We know that. We acknowledge it. We're working with the states and territories to ensure that Australians have fuel at a price that continues to be as low as possible.