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Why cutting the fuel excise might not be the answer to soaring petrol prices

Scott Emerson
Article image for Why cutting the fuel excise might not be the answer to soaring petrol prices

Fuel prices soared above $2 dollars a litre over the weekend, with pressure on the federal government to slash the fuel excise in a bid to relieve pressure at the pump.

Diesel also hit $2.38 a litre in parts of Queensland, driving up costs for the transport, freight and more.

Queensland Trucking Association CEO Gary Mahon says he’s never seen anything like it.

“These sorts of rises are unprecedented, certainly in my experience in many many years in the industry I’ve not seen prices of this scale, at this speed happen before,” he told Scott Emerson.

But he says he didn’t support cutting the fuel excise.

“The fuel excise pays for road infrastructure, and we would argue we have the bare minimum invested in our road infrastructure as it is.

“there are some significant needs in our infrastructure needing to be built around the state and or the nation, so where you take away from one hand, you’ve got to find some solution in another.”

Press PLAY below to hear more about why they don’t support cutting the excise

Image: Getty iStock

Scott Emerson
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